Over the past year, many prominent and colorful crypto personalities have been apprehended and arrested. From the jailing of antivirus pioneer John McAfee to the laying of charges against executives from one of the world’s largest exchanges, 2020 didn’t exactly shake off crypto’s reputation as a honeypot for criminals.
Over the first ten months of 2020, blockchain forensics company CipherTrace estimates that losses from thefts, hacks, and frauds totalled a whopping $1.8 billion, a figure fueled in part by the rise of various DeFi platforms.