Crypto-criminals earned a record $14 billion in 2021

Chainalysis has published an excerpt of a new report on crypto-crimes, among the main theses are:
—Total cryptocurrency transactions increased fivefold to $15.8 trillion
— Direct thefts of cryptocurrencies rose 516% to $3.2 billion
— 72% of the thefts were done through DeFi protocols
— $2.8 bln was stolen via rug pull scheme – when fraudsters create an imitation...
crypto-project to deliberately deceive investors. For instance, that's what happened with the Squid project.
— Standard cryptoscam with wallet address spoofing now accounts for only 0.15% of total turnover of $15.8 trillion
— 20% of all successful hacking attacks were due to vulnerabilities in new cryptocurrency protocols.

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More from @RealOlaudah

10 Jan
Living Faith, a single Church, is schooling 16 thousand of your citizens in higher institutions and many more at primary and Secondary levels yet you think you have the capacity to waggle your tongue.
They are running their churches 100% better than the way the president is running the country.
The fact is many Nigerians are losing it. They can’t think beyond going after pastors.
In what way has pastors prevented Nigeria from owning an airline?
In what way do pastors prevent Nigeria from having industries?
Less than 0.0001% of pastors own jets in Nigeria.
But no, let us forget the over 70% that earn less than 50k/mth and focus on 0.0001% than own jets.
Read 13 tweets
9 Jan
After giving Nigerians the gift of fast noodle known as Indomie today, the Aswani family, the family behind Tolaram Group (makers of Indomie) are betting on Nigeria’s future and it’s economy by building what is known Lekki deep sea port.
Let me digress:

Mohan Vaswani, the father of the current Chairman of Tolaram Group who started selling textiles in 1948 from a shop the size of a shipping container in a small town in Indonesia, once told his son “One day you will operate across the world.”
His son, Vaswani who is now 80 years old now oversees Tolaram Group, a Singapore-headquartered company with an estimated annual revenue of US$1.8 billion is living the prophecy foretold by the patriarch of the family.
Read 28 tweets
8 Jan
In nearly five secretive years in power, Nigeria's Gen. Sani Abacha built a reputation for authoritarian, sometimes brutal rule. He was less known -- but in terms of his legacy to Nigeria, perhaps more important -- for overseeing a web of corruption that Nigerians and oil...
industry sources say plundered billions of dollars from the country.
Abacha died today at age 54. While he ruled Nigeria from a fortified presidential villa in Nigeria's capital, the sources said, he and a circle of aides and business partners tapped virtually every stage of...
the oil business, Nigeria's most important industry and the source of 80 percent of its government revenue. They took kickbacks from foreign companies for licenses to search for oil in the basin and delta of the Niger River and offshore.
Read 49 tweets
7 Jan
Historians have been able to piece together a startlingly clear picture of what daily life in ancient Rome was like.
Romans woke up before dawn, finished work by noon, and spent the afternoons pursuing leisurely activities like swimming and exercising.
'At sundown, Romans would get together for elaborate dinner parties that often went on until late in the evening.
There are, roughly speaking, two types of historians: those that look at the past from afar, recording its wars, epidemics, and recessions; and those that look at
the past from up close, studying the lives and livelihoods of ordinary people. Macro-historians help us understand the events that led up to the present moment, while micro-historians try to show us what living during these bygone times actually looked like.
Read 39 tweets
7 Jan
Gen. Sani Abacha's war against opponents of his military government has left an eerie silence over Nigeria.
After seizing power in late 1993, he dissolved state legislatures, banned political parties and prohibited government decrees from being challenged in Nigeria's courts.
He has crushed labor unions and shut down nearly 20 newspapers and magazines. His security forces have arrested dozens of activists, killed scores of Nigerians in demonstrations and are accused of systematically oppressing the Ogoni ethnic group, which has criticized the govt.
"What you hear is the silence of the graveyard," said Abdul Oroh, executive director of Nigeria's Civil Liberties Organization. "It is quiet here because people are angry and feel helpless."
Read 38 tweets
6 Jan
Japan's Sony Group Corp plans to launch a company this spring to examine entering the electric vehicle market, looking to harness its strengths in entertainment and sensors to play a bigger role in next-generation mobility.
The new company, Sony Mobility Inc, comes as the Japanese tech giant is "exploring a commercial launch" of electric vehicles, Sony chairman and president Kenichiro Yoshida told on the CES.
"With our imaging and sensing, cloud, 5G and entertainment technologies combined with our contents mastery, we believe Sony is well positioned as a creative entertainment company to redefine mobility," he said.
Read 5 tweets

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