A recent crime report from Chainalysis revealed that crypto scam revenue in 2022 dropped by 46%, amounting to $5.9 billion due to the falling prices of cryptocurrencies. However, romance and giveaway scams managed to persist despite the market conditions. Romance scams had the highest average victim deposit size, with the average victim losing just under $16,000, nearly three times more than the next biggest scam type. Chainalysis suggested that these types of scams are more likely to persist when crypto prices are down because they target a victim’s compassion rather than greed. Pig-butchering scams, a type of romance scam, have been seen as a growing area of concern within crypto. **THIS IS NOT FINANCIAL ADVICE, I AM NOT A FINANCIAL ADVISOR**
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