Blockchain Illicit Activities
A staggering 1% of blockchain transactions are linked to illegal activities, amounting to around $14 billion in illicit operations. Kim highlights various forms of misconduct, including NFT wash trading, ransomware, and scams, emphasizing the complexity of identifying these activities amidst legitimate transactions. With numerous types of illicit behavior on the blockchain, understanding the scale and nature of these issues is crucial for the industry.In this clip
From this podcast
Super Data Science: ML & AI Podcast with Jon Krohn
SDS 625: Analyzing Blockchain Data and Cryptocurrencies — with Kim Grauer
Related Questions
How does Bitcoin relate to ransomware?
Are scams prevalent in cryptocurrencies as discussed in the episode The Bear Case for Crypto — with Molly White and the clip Blockchain Skepticism?
Are scams prevalent in cryptocurrencies as discussed in the episode The Bear Case for Crypto — with Molly White and the clip Blockchain Skepticism?