Illicit crypto transactions hit a record high last year
Cryptocurrency-based crimes hit a record high in 2021, with illicit transactions rising 79.4 percent to $14 billion, from $7.8 billion in 2020. PHOTO | FILE
Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
Cryptocurrency-based crimes hit a record high in 2021, with illicit transactions rising 79.4 percent to $14 billion, from $7.8 billion in 2020.
A report by American cryptocurrency market research firm Chainalysis says laundering of stolen funds through cryptocurrencies and scamming of users were the highest crimes last year, accounting for over half of the illicit transactions.
