Crypto crime hit record $14 billion in 2021, research shows

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Reuters UK

By Tom Wilson LONDON (Reuters) – Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, a record that comes as regulators call for more powers over the fast-growing sector. Crypto received by digital wallet addresses linked to illicit activity including scams, darknet markets and ransomware jumped 80% from a year earlier, Chainalysis said in a report. The activity represented just 0.15% of total crypto transaction volumes, its lowest ever. Overall volumes soared to $15.8 trillion in 2021, up over five-fold from a year…

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