Express
Coronavirus Has Dropped Cryptocurrency Scammers’ Profits By 33%
Summary: Cryptocurrency scammers are taking an economic beating from the COVID-19 outbreak, according to forensics firm Chainalysis. Research released on Friday shows a considerable drop in profit made through cryptocurrency scams since the start of the year. On a seven-day moving average, scammers saw their revenue drop from $800,000 worth of cryptocurrency in the middle of ...
Cryptocurrency scammers are taking an economic beating from the COVID-19 outbreak, according to forensics firm Chainalysis.
Research released on Friday shows a considerable drop in profit made through cryptocurrency scams since the start of the year. On a seven-day moving average, scammers saw their revenue drop from $800,000 worth of cryptocurrency in the middle of January to below $300,000 at the beginning of April.
By Ramsey Baker
Tags: Chainalysis,Coronavirus,COVID-19,Cryptocurrency,Scammers
Link: Coronavirus Has Dropped Cryptocurrency Scammers’ Profits By 33% [Copy]
