CipherTrace reported that users have lost $1.4 billion in the first five months of 2020 to crypto-related fraud, thefts, and other crimes. The fraud related to coronavirus which involves the use of cryptocurrencies was minimal but it did not give a specific figure. The way crypto crime is going it could be the second-largest on record after last year's $4.5 billion (roughly Rs. 33,804 crores) in losses.