Hong Kong crypto crime rate surges as China sees a fall According to blockchain forensics platform Chainalysis, criminal cryptocurrency activities on the Chinese darknet have fallen. However, due to geopolitical turmoil, Hong Kong’s crypto crime rate has risen alarmingly. The Chainalysis report shows that, in the period from April 2019 and June 2021, Chinese crypto addresses sent more than $2.2 billion worth of cryptocurrencies to addresses connected with scams and darknet markets, with more than two billion moving in the opposite direction. That volume, say Chainalysis, has since dropped significantly. Illicit transaction volume “While China remains one of the top-ranked…