Cryptocurrency crime will be worth a record $20.6 billion in blockchain transactions in 2022, according to a new report from blockchain research firm Chainalysis.
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Kim Grauer, director of research at the firm, said Monday that while other forms of illicit activity may be on the decline, “two categories that really stand out in terms of growth are sanctioned activity and hacking.”
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According to the Chainalysis report, criminal activity accounted for 0.24% of all blockchain transactions last year, an increase of 0.12% from the previous year.
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