Risky Bulletin Newsletter
January 23, 2023
Risky Biz News: Crypto-crime volumes went down in 2022, ransomware payments too
Presented by
News Editor
The reasons for this demise are layered and complex and not the simple and straightforward answer that we can usually find in most cases.
The war in Ukraine, the US Treasury's sanctions crackdown on cryptocurrency money launderers, major law enforcement busts, and the general collapse of the cryptocurrency ecosystem as a whole have all had their role in slowing down criminal operations.
For example, as Chainalysis experts put it—people are less likely to fall for scams if they think the entire ecosystem is down and aren't interested in making new investments.