- Illegal crrypto transactions could have hit as much as $51 billion in 2024, according to Chainalysis
- With the introduction of ETFs, the ratio of crime-to-industry volume dropped significantly
- Criminals are moving away from BTC and into stablecoins
Cryptocurrency addresses known to be associated with criminals received $40 billion in 2024, marking another hugely successful year for wrong-doers across the world.
The annual report from Chainalysis notes this is not a precise figure, and as time goes by, and new information emerges on previous crimes, it will likely rise – possibly to be closer to $51 billion.
Another important detail is that this estimate does not include money from non-crypto native crime, such as drug dealing, or money…
