Crypto crime hit record $14bn in 2021

Pedro Gonçalves
clock • 2 min read

Scammers took home $14bn in cryptocurrency in 2021, a new all-time high, according to data from blockchain analytics firm Chainalysis. Crypto received by digital wallet addresses linked to illicit activity including scams, darknet markets and ransomware jumped 80% from a year earlier. Still, the activity represented just 0.15% of total crypto transaction volumes, its lowest ever. As of early 2022, Chainalysis said illicit addresses already hold over $10bn worth of cryptocurrencies, with the majority of this held by wallets associated with crypto theft. Scamming was the greatest for...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?