Chainalysis: Crypto scammers adapt to match market conditions

Bear Market

Crypto scammers are finding ways to adapt to the bear market despite revenue from scams halving last year, according to research from blockchain analysis firm Chainalysis.

A crypto crime webinar hosted by the company explained how scammers tend to shift their tactics as market conditions change.

Such tactics have allowed some scammers to continue to thrive, even though overall revenue from crypto scams fell by 46% in 2022.

Eric Jardine, cybercrime research lead...