According to the East African In 2021, cryptocurrency-related crimes reached a new high, with unlawful transactions increasing by 79.4% to $14 billion, up from $7.8 billion in 2020.

Last year, the most common crimes were the laundering of stolen funds through cryptocurrency and user scamming, which accounted for more than half of all illegal transactions.

Financing of terrorism, ransomware, money laundering of child abuse material finances, cybercriminal administration, and fraud shops are among the other crypto crimes that have grown in popularity.

North Korea, Russia, and Iran were identified as the biggest risk areas in crypto crime by the Chainalysis research in 2021.


The opinions expresses here in the post "Illicit crypto transactions hit a record high last year" are those of the individua's contributor(s) and do not necessarily reflect the views of Business Info Ethiopia , BIE Intelligence PLC, its publisher, editor, or any of its other contributors.


Comments are closed.