Revenue derived from cryptocurrency-related crime is down by 65% in the first half of 2022 compared to the corresponding period in 2021, standing at $1.6b. However, some forms of crypto-crime have risen in the last 12 months, particularly in stolen funds from DeFi protocols and cross-chain bridges. The value of stolen or hacked crypto assets has increased from $1.2bn to $1.9bn YTD.
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Crypto crime revenue drops 65% YTD
"With huge increases in stolen funds, we can’t afford to rest on our laurels. The public and private sectors must continue to work together and hone their ability to fight cryptocurrency-based crime," said Jardine.
