News

Crypto crime hits all-time high as $14bn goes to fraudsters in 2021

DeFi boom leading to new opportunities for crypto crime

Total transaction volume for cryptocurrencies rose to $15.8 trillion last year
Total transaction volume for cryptocurrencies rose to $15.8 trillion last year Photo: Getty Images

Cryptocurrency crime reached a record high in 2021, with $14bn flowing into illicit addresses.

That figure represented a 79% jump from $7.8bn in 2020, according to research by data company Chainalysis.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line