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Social engineering

A huge chunk of all scam revenues being tracked by Chainalysis on the blockchain (43%) were sent to wallets that only became active over the past year — something Chainalysis said suggests a surge of newly created scamming campaigns (Credit: Getty Images)

Online scam cycles are getting shorter and more effective, Chainalysis finds 

As enforcement and attribution have improved, scammers are ditching static infrastructure and drawn-out schemes for shorter campaigns that use disposable assets. 
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