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Crypto Crime Is Down Thanks To FTX?

TL;DR

  • Excellent news: Crypto crime is down 29%

  • Dangerous information: The 2023 numbers solely look good, as a result of 2022’s have been so dangerous.

  • The tidy $8.7B that FTX owed to its customers/collectors in 2022, inevitably tipped the scales in 2023’s favor. It ain’t nice, however we’ll take it!

Full Story

Within the phrases of our shut-in neighbor, Dave, who collects classic milk bottles and is weirdly knowledgable in regards to the life and profession of Fran Drescher:

“The attractive factor about hitting all-time low is: issues can’t get any worse.

Yeah, effectively, this story follows an analogous theme.

Let’s begin on a optimistic observe…

Excellent news: Crypto crime is down 29%.

Based on a report by Chainalysis, the quantity of crypto stolen by scams final 12 months was almost a 3rd lower than in 2022, whereas illicit income was down greater than 54%.

Dangerous information: The 2023 numbers solely look good, as a result of 2022’s have been so dangerous.

In the event you’re in search of somebody to level the finger at – we’ve acquired you! Look no additional than Samuel Benjamin Bankman-Fried and his famously bankrupt firm, FTX.

The tidy $8.7B that FTX owed to its customers/collectors in 2022, inevitably tipped the scales in 2023’s favor.

These aren’t superb circumstances…

However we’ll take it.

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See also  New York regulator issues rules to strengthen crypto listing

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