Stablecoin Crime Wave? $141B In Illicit Activity Reported This Year
In 2025, about $141 billion in stablecoins reportedly ended up in the hands of illicit actors. Much of this activity was funneled through a few networks that favored stablecoins for their predictable value and quick transfers. Related Reading: CLARITY Act On Track For April Passage, Senator Says Much of that movement is tied to a […]
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A new report released Wednesday by blockchain intelligence firm TRM Labs shows that 2025 marked a record year for illicit activity flowing into the cryptocurrency ecosystem, with volumes rising sharply compared to the previous year. According to the findings, inflows from illicit entities into crypto surged by roughly 145% year over year, underscoring a dramatic […]
A study by blockchain analytics firm Chainalysis finds that cryptocurrency-related crime has fallen significantly. The criminal share of all crypto activity fell to just 0.34% in 2020. This contradicts recent statements by U.S. Treasury Secretary nominee Janet Yellen and ECB President Christine Lagarde that cryptocurrencies are mostly used for illicit financing. Crypto Crime Plummeted in 2020 Chainalysis shared some findings from its 2021 Crypto Crime Report this week. While acknowledging that “cryptocurrency remains appealing for criminals as well due primarily to its pseudonymous....
Chinese wallets both sent and received more than $2 billion worth of crypto associated with illicit activities between April 2019 and June 2021. A new report from Chainalysis has found that while China’s share of global criminal crypto flows has been falling since the third quarter of 2019, the country still represents a disproportionate amount of money laundering and scam activity.In its August 3 Cryptocurrency and China report, Chainalysis stated that more than $2.2 billion worth of crypto had been sent from Chinese wallets to addresses associated with illicit activity between April 2019....
One of Australia's primary national law enforcement agencies, the Australian Crime Commission (ACC), is investigating bitcoin's role in organized crime in an official operation known as 'Project Longstrike'. According to a report published by Reuters earlier today, ACC Executive Director Judy Lind said that investigators were aware of and would be monitoring "misuse of virtual currencies to facilitate criminal activity." She said: "Organized crime groups continue to make use of darknets to harbor trading in illicit commodities, including child exploitation material, illicit drugs and....
A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline. Illicit cryptocurrency activity in 2021 and the first quarter of 2022 has declined as a percentage of overall crypto activity, according to blockchain forensics firm CipherTrace.The cryptocurrency industry has long held a reputation in some jurisdictions as a haven for illegal activity. However, CipherTrace estimates that illicit activity was between 0.62% and 0.65% of overall cryptocurrency activity in 2020. The firm reported that....