This purports a near 65% decline from the previous year’s period which appears to be linked to falling cryptocurrency prices.As things stand, crypto crime appears to be more resilient as compared to price declines across assets.Source: ChainalysisIt is no surprise that 2022 has been a tumultuous year for crypto assets as they struggled heavily through the bear market.
Fewer people were washed away in crypto scams due to the exit of a plethora of inexperienced traders during the bear market. In this regard, the report stated, There are few expectations for this trend to exit any time soon after recent mammoth hacks in the crypto space.