Crypto scams, hacks cost investors $14 billion in 2021

Soaring retail and institutional interest in cryptocurrency last year also led to a boom in criminal activity that cost investors billions, underscoring the urgency of efforts to regulate the digital coin movement. 

According to research firm Chainalysis, cryptocurrency addresses associated with illegal activity accumulated $14 billion. But when weighted against all cryptocurrency activity, the figure accounted for a relatively paltry 0.15% of total funds changing hands on any blockchain —…


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