Data published on April 10 by blockchain forensics firm Chainalysis indicates that the average value of transactions received by the wallets of known scams fell 30% during March.
Amid fraudsters’ attempts at leveraging COVID-19 fears to dupe victims into downloading malicious apps, donating to impersonations of charities, or purporting to peddle coronavirus cures, the coronavirus pandemic appears to have driven a sharp decline in crypto scammers’ revenues.