While many believe the crypto bear market season is the time to build, scammers have always viewed it as otherwise. And according to blockchain analysis firm Chainalysis’s latest reveal, they seem to adapt too often to the state of the market, whether bear or bull season.
In a webinar focused on crypto crimes affecting consumers and investors, Eric Jardine, the cybercrimes research lead at Chainalysis, revealed some insights addressing the adaptation of scammers as market conditions change.
Chainalysis Reveals Scammers Blend With Every Market Situation
According to Jardine in the webinar, some scammers gave up amid the bear market; others adapted as some schemes used in this illegal activity differed from the usual style. Jardine said: