Cryptocurrency Scam Breaks Record in 2021

While 2021 was a very active year for cryptocurrencies, it also witnessed an increase in fraud cases. A new report has also revealed that crypto money fraud broke a record by reaching $ 14 billion in 2021.
 Cryptocurrency Scam Breaks Record in 2021
READING NOW Cryptocurrency Scam Breaks Record in 2021

The year 2021, which we left behind recently, has been a very active year for cryptocurrencies. This year, when digital environments and assets become more known; The popularity of cryptocurrencies grew at an astronomical rate, causing millions of people around the world to invest in crypto. This rising popularity even led any passerby to talk about cryptocurrencies.

However, it should be noted that there are also some negative aspects of cryptocurrencies, about which new laws are planned to be enacted in our country. Cryptocurrency fraud, which takes place through illegal transactions, is perhaps the biggest of these negative aspects. A new study has also revealed that such scams have risen significantly in 2021.

Illegal transactions rose to $14 billion


A new report by blockchain firm Chainalysis has revealed that illegal transactions with cryptocurrencies broke a record in 2021, with transaction volumes increasing by 567% compared to the previous year and reaching $15.8 trillion. In the report; It was stated that in 2021, crypto money fraud increased by 80% and reached 14 billion dollars, breaking a record.

In addition, it was reported that $ 3.2 billion worth of cryptocurrencies were stolen in 2020, and this number increased by 516% in 2021. In addition, it was among the news that the share of illegal transactions in the total transaction volume was 0.60% in 2020 and decreased to 0.15 in 2021 due to the large increase in the cryptocurrency transaction volume.

It would not be wrong to predict that illegal transactions may increase as the popularity of cryptocurrencies, which is described as the currency of the future, increases. Many countries warn their citizens about such dangers and plan to introduce regulations in the new year. It is of great importance for many of us to be more careful about these events, which are also experienced in our country, and to carry out their transactions from reliable places.

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