Ethereum-Based Scam Revenue More Than Doubled in 2018: Report By Cointelegraph

© Reuters. Ethereum-Based Scam Revenue More Than Doubled in 2018: Report

The value of (ETH) stolen via scams reached $36 million 2018, according to a report released by crypto analytics company Chainalysis on Jan. 23.

According to the Chainalysis report, scams that occurred last year were reportedly more sophisticated, bigger and vastly more lucrative. Chainalysis also reports that Ethereum has “long been known as the cryptocurrency of choice for scams.”

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