Online fraudsters are rapidly adapting their activities to run more impactful scams of shorter duration, in a bid to mitigate “discovery and disruption,” according to blockchain analysts. Blockchain investigation firm Chainalysis claimed in the latest instalment of its mid-year update report that online scams are one of the largest areas of illegal activity that it monitors, with billions of dollars’ worth of crypto flowing to illicit accounts in the year to date (YTD).

Source: Infosecurity