In terms of cryptocurrency’s growth, this year was a landmark one. mainstream adoption. Recent ReportGrayscale Investments published that there was more than One-quarter (26%) of US investors surveyed owned their own property (BTCThis is an increase of 23% from 2020. MagnifyMoney, a financial services company is also preparing for the holiday season. FoundNearly two-thirds (33%) of Americans surveyed said they would like to get cryptocurrency this year as a present.

While crypto’s growth is notable, there has also been an increase in the number of scams associated with digital assets. Chainalysis blog post highlighting the company’s “2022 Crypto Crime Report” revealed that scams were the dominant form of cryptocurrency-based crimes by transaction volume this year. This post notes that scam victims have been robbed of more than $7.7 million worth cryptocurrency. According to Chainalysis’ previous research, this number represents an 81% increase compared to 2020, a year in which scamming activity dropped significantly compared to 2019.