Study: cryptocurrency fraud is increasing rapidly

Fraud involving cryptocurrencies reached record levels last year, according to a study. However, the total traded volume of cyber-forex also increased massively. According to market research firm Chainalysis, $14 billion worth of cryptocurrencies were misappropriated in criminal activity in 2021. That’s 80 percent more than the year before and more than ever before. Total crypto trading volume quintupled to $15.8 trillion, according to the study.