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China Lost Over $2.2B in Crypto Scams Between 2019-2021

Source: ihodl.com ihodl.com
News Snapshot:

Chinese cryptocurrency addresses sent over $2.2 billion in crypto to scams and darknets in a period between April 2019 and June 2021, Reuters reports , citing a blockchain-focused forensics firm Chainalysis. According to the firm, China historically played a large role in cryptocurrency-related crime as these addresses also received over $2 billion worth of illicit cryptocurrency. Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news. However, the transaction volume of illicit addresses in China has fallen dramatically over the past two years. Chainalysis explains that the drop is due to the absence…

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