The impressive growth of the crypto market has created an opportunity for hackers and scammers. Many investors turning to digital coins as a store of value amid the COVID-19 crisis have been scammed out of a total of $1.9 billion

Crypto-criminals stole 1.9 billion dollars in 2020 according to data presented by Finaria.it. Compared to the year 2019, this amount has fallen sharply. Statistics show that fraud was the top crypto crime last year, followed by theft and ransomware.
Although the total value of crypto crime fell in 2020, crypto theft jumped 40% year-on-year and reached $513 million, below the 2018 record of $950 million. The survey found that decentralized finance (DeFi) hacks and scams accounted for $129 million in 2020, making them the next major threat vector for fraud and money laundering. Other thefts caused $387 million in damage.