Illicit crypto addresses received over $24b in 2023, Chainalysis says
Illicit crypto currency addresses received $24.2 billion in 2023, showing a decrease from the estimated $39.6 billion in 2022, as per Chainalysis. In 2023, the value received by illicit crypto totaled $24.2 billion representing nearly a 39% decrease from the 2022 losses, which amounted to $39.6 billion, according to the latest research report published by Chainalysis, a blockchain analytics firm. The landscape of crypto crime saw a shift in the types of assets involved. While Bitcoin (BTC) previously dominated, stablecoins now constitute the majority of illicit transaction volume, data shows. Chainalysis says the change aligns with the broader trend of stablecoins gaining prominence in legitimate crypto activities. Illicit transaction volume by asset type | Source: Chainalysis You might also like: EU sanctions Russians from owning crypto businesses However, certain forms of illicit activities, such as darknet market sales and ransomware extortion, still predomina...