In 2021, the illegal activity in the crypto industry has increased as more private funds started flowing into the industry.
With the increased numbers of illegal activity in crypto, law enforcement has discovered a new laws of seizing digital assets from criminals.
In 2021, IRS-CI seized over $3.5 billion worth of cryptocurrency from wallets that were marked as related to criminal activities.
According to ChainAnalysis, the majority of "crypto wallets" are related to stolen funds and darknet markets.
In 2021, hackers and scammers were able to steal at least $8 billion from new and inexperienced traders that just entered the industry.
Numerous platforms and users has became victim of various scam and exploits found in smart contracts.