Cryptocurrency Crime Surges By 3 Times Over A Year : US Report

According to a Report based on 2017 to 2013 analysis in the US. Cryptocurrency related crimes surged by around 300% every year.

This report is not limited to US also but they are also engaged in Australia and UK for such types of crypto related crimes.

This report also proves that these three countries US, UK & Australia are major markets where people are facing high numbers of Cryptocurrency related crimes.

Full report analysis

In 2016 to 2020, there were 110,000 reported cases of crypto related scams including pump-and-dump schemes and thefts in the U.S., with a total of 82,135 cases by last year.

Pump and dump scams are most usually found at telegram channels where People try to manipulate the market of a coin through their money power together. But these are almost a scam.

Total 25000 crime cases have been reported in the UK for inclusion of numbers of multiple crimes in crypto. And according to a report it increased 25% over every year.

Report includes data from 2018 by Australia. Before 2018 there were 6000 cases reported already. And now before 2021, there are a total of 23,500 reported cases.

Actual Data Report May Differ

Report is only based on the official numbers of cases reported by people. 

As we know very well that it is not easy to have every facility in early adoption of any type of service. 

Similar kind of situation also exists here in this field. In the very start there were no options available to report such kinds of fraud and also people were not aware about these things that how to report.

But in present time numbers of crime report platforms are available where Cryptocurrency investors can report about it. For example the U.S. Federal Trade Commission, and the Australian Competition and Consumer.

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