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Revenue from crypto scams surges 81 percent in 2021, "rug pulls" make for most of it
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moneycontrol.comThe money garnered from cryptocurrency-related scams and crimes worldwide touched almost $7.7 billion, reaching an all-time high in 2021, surging almost 81 percent over the last year, per the Chainalysis' 2022 Crypto Crime Report.
However, the lion's share of this $7.7 billion, almost 37 percent to stand at $2.8 billion belonged to "rug pulls" scams taking place in the Defi ecosystem.
Notably, this figure was just 1 percent in 2020, when the total illicit revenue collection was under $5 billion,
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