Chainalysis Report Reveals Rising Sophistication in Crypto Crime
The 2025 crypto crime report by Chainalysis has highlighted a rise in the sophistication of criminal activities.
The firm estimated illicit crypto transactions in 2024 to be $40.9 billion, down from $46.1 billion in 2023. However, this figure is projected to exceed $51 billion as more illegal addresses are identified.
Shift to Stablecoins and Ransomware Attacks
Bitcoin, once the primary currency for bad actors, has been overtaken by stablecoins, which now account for 63% of all illicit crypto transactions.
Chainalysis highlighted that financial sanctions have led to the shift toward stablecoins, as they offer speed, liquidity, and regulatory blind spots that make laundering funds easier. Further, these assets provide…
