Crypto Scammers Ditch ‘Elaborate’ Schemes In Favor Of Short-Term Scams – Report

Quick Summary:

A recent Chainalysis report revealed that crypto scammers have updated their scheme tactics on- and off-chain in 2024.

Criminals have leaned toward short-term, more lucrative scrams targeting smaller entities and specific individuals, significantly reducing scams’ average lifespan by over 50% since 2023.

Their recent activity revealed that crypto-related criminals are pivoting toward “more devastating scams of shorter duration” to reduce the chances of being busted.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: HungaryMyanmar

Topics: Pig butchering scam Btc Crypto crimes Crypto ponzi scheme Crypto Market Total Crypto News Crypto schemes Chainalysis Report Crypto scams Bitcoin BTCUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 00:30:09 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22302082

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 13 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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