Second Chainalysis digital scams involving cryptocurrencies are in sharp decline. Although the numbers remain huge, by activity scam which, since the beginning of the year, have reached i $5.2 billionwe are talking about a 65% decrease compared to the numbers recorded exactly twelve months ago.
Is the world of crypto therefore safer? Yes, but only from a certain point of view. In any case, he must take into account the fact that the turnover in the sector has decreased significantly in recent months. This has led many cybercriminals to turn their sights elsewhere to more lucrative businesses.
Kim Graydirector of research at Chainalysis, is positive about the data collected”After a chaotic 2022 that saw significant volatility and the collapse of FTX, it is reassuring to see confidence return to the cryptocurrency markets as asset prices are largely on the rise and the volume of crypto crime has declined significantly“.
The often Grauer then continued by focusing on the United Arab Emirates and the country’s projects with respect to the crypto universe “This bodes well for the UAE, where the government has remained fervently committed to its vision of establishing the country as a global crypto hub even in troubled times. These efforts, which include the establishment of the VARA and the introduction of comprehensive regulations for VASPs, ensure that as momentum returns to the cryptocurrency markets, the country stands out as particularly attractive to businesses, entrepreneurs and investors“.
Comforting data, but unsafe cryptocurrencies: beware of ransomware and wallets
The numbers prove this optimism. Bitcoin, for example, has substantially increased in value over the past six months. In recent days, Ripple had a sudden increase of around 70%. Being two of the most popular cryptocurrencies, it is easy to understand how the sector seems to have revitalized in 2023.
However, Chainalysis has always cooled the enthusiasm from the point of view of security. According to experts, in fact, consumers and companies should remain particularly cautious about scams: cybercriminals, in fact, are always working to find new and effective strategies to steal money (or crypto) from victims.
I wallet, in fact, remain a top priority for any type of cybercriminal. Despite this, the data seem to speak for themselves: net of ransomware (so the numbers remain worrying), cryptocrime in 2023 seems to be declining.