The study reveals that June is the worst time to invest in crypto. More crimes occurred in June than any other month over the past 10 years (76) except for May (77). Digital crooks exited the first month of summer with a profit of $5.7 billion, representing nearly a fifth of all cryptocurrencies lost since 2012.
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Although the study finds that investors in Turkey have lost the most money to crypto crimes ($2 billion), researchers say that nearly $23 billion of the money stolen since 2012 comes from “unspecified” sources. How can it be? The answer is simple and it is also one of the reasons why people love digital money: cryptocurrencies are digital, encrypted and decentralized means of exchange. “While Bitcoin is not anonymous, it is fake, meaning it can mask the identity of users. With the right tools and techniques, the owner of transaction addresses can be traced,” according to crypto exchange Crypto.com.