kaal:claim:4067783-003

Rug pulls grew sharply as a share of crypto crime: of the $7.7 billion in total illicit crypto revenue in 2021, 37 percent came from rug pulls, up from 1 percent of illicit revenue in 2020.

Source quote, verbatim

In 2021 alone, the total illicit revenue from crypto scams was $7.7 billion; 37% of that total resulted from "rug pulls," an increase from the 1% of total illicit revenue in 2020.

From

Wulf A. Kaal, DAO Fallacies (2022), I. Introduction, p. 4
https://ssrn.com/abstract=4067783 · source PDF

Cite as

Wulf A. Kaal, DAO Fallacies (2022). SSRN: https://ssrn.com/abstract=4067783

Holds when

2021 data
measured as a share of total illicit crypto revenue

Classification

empiricalsupport: evidencedfailure: Rug pull share of illicit crypto revenuefamily: fraud-and-misconductempirical-evidence

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