NEW: Academic paper investigates how Ethereum is a criminalβs first choice for cybercrime ππ±
βWe identify more than 1.78 million transactions that are externally verified to be linked to cybercrime, corresponding to an aggregate amount of $1.65 billion of funds lost. In a first step, our analysis shows that the FTC understates the amount of abducted funds on the Ethereum blockchain by a staggering factor of 16.β
