Crypto Crime Escalates: 90% of Cybercrime Now Crypto-Linked

India’s digital economy is growing rapidly, but with it comes a worrying rise in cybercrime. Recent assessments suggest that nearly 90% of cyber-related crimes now have some connection to cryptocurrency. From online scams and phishing attacks to money laundering and fraud, the misuse of digital assets has created a new challenge for law enforcement. For smaller cities, where digital literacy is still developing, this trend raises serious concerns about safety in the online space.

Cybercriminals increasingly prefer cryptocurrency because of its speed, global reach, and relative anonymity. Once funds are transferred into digital wallets, tracing them becomes far more complex compared to traditional banking systems. This has made it harder for authorities to track down offenders, especially when crimes cross national boundaries. For victims, the recovery of stolen assets often remains nearly impossible.

In Tier 2 cities, many new investors enter the crypto market without adequate knowledge of security practices. Scammers exploit this lack of awareness by luring people into fake investment platforms, fraudulent apps, or social media schemes. A single click on a suspicious link can drain digital wallets, and local police stations often struggle to deal with such technologically advanced crimes.

At the same time, experts warn against blaming cryptocurrency itself. They argue that, like any financial tool, crypto can be used positively if there are clear safeguards in place. The challenge lies in developing strong regulations, spreading digital literacy, and creating coordination between cybercrime units and financial regulators. Without these measures, criminals will continue to exploit the gaps.

The rise of crypto-linked crimes is a reminder that India’s digital growth must go hand in hand with security. For people in smaller cities especially, better awareness and stronger systems are essential. As the government looks at new rules for digital assets, ensuring protection for ordinary users could be the key to building trust in the country’s digital future.