Catenaa, Wednesday, January 22, 2025 – The evolving cryptocurrency sphere has been threatened by illicit on-chain criminal activities, a recent crypto crime report of Chainalysis said.
The report revealed that a range of crypto related crimes have been initiated by organizations and networks where cryptocurrency has been utilized along with complicated operating infrastructures.
The report also says that large-scale on-chain services have engaged in actors crypto laundering.
According to the report $40.9 billion of worth of cryptocurrency have illicit cryptocurrency addresses as of late 2024.
Nevertheless, it is assumed that the annual total crypto crime volume in 2024 will exceed $51 billion.
The report charged a Huione Guarantee as a key player of illegal on-chain activities that craft the professionalism when offering laundering facilities for high-risk and illicit actors.
The report has been released, excluding instances of non-crypto-related crime and the use of cryptocurrency for payment or laundering from the overall crypto crime statistics.
According to the report of total on-chain transactions 0.14% per cent is related to illicit activities.
Stolen funds, high- and low-tech fraud and scams, and ransomware are significant methods directed to crypto crimes.
The report also highlights that AI as becoming a top contributor within the crypto crime space as well.
Access to the full report: 1
- www.chainalysis.com: https://www.chainalysis.com/blog/2025-crypto-crime-report-introduction/ [↩]
