- Illegal Crrypto transactions could have reached up to $ 51 billion in 2024, according to Chainalysis
- With the introduction of ETFs, the ratio of crime volume to industry has decreased significantly
- Criminals move away from the BTC and in the stablecoins
The cryptocurrency addresses known to be associated with criminals received $ 40 billion in 2024, marking another extremely successful year for criminals around the world.
The Chainalysis annual report notes that this is not a specific figure, and over time, and new information emerge on previous crimes, this will probably increase – perhaps closer to $ 51 billion.
Another important detail is that this estimate does not include money from the native non -crypto crime, such as drug trafficking or money laundering.
Stable
The figure of 2023 amounted to $ 46.1 billion, so if the analysis chain estimates prove true, it will be a significant increase – in gross, percentage, the figure has dropped considerably.
In 2023, the ratio of the volume of crime to the volume of the industry was 0.61% – but with the approval of multiple ETF spots in 2024, many large institutions and investors with large pockets were transferred to the industry, increasing the overall volume and thus reducing the ratio to only 0.14%.
Finally, cybercriminals seem to move away from Bitcoin and Stablecoins.
Until now, each time a ransomware attack (or a similar incident) occurs, most of the threat stakeholders would require Bitcoin payment, although there are tens of thousands of different cryptocurrencies. That being said, four years ago, around 70% of all criminal transactions were carried out in Bitcoin, falling to 20% last year. At the same time, Stablecoins moved (cryptocurrency whose value is fixed in fiduciary currency and does not fluctuate violently as the standard crypto does), now taking about 63%.
Monero was used in 10% of cases, added the chain-analysis. Monero is a popular privacy piece, which is also extracted by the infamous cryptojacker called XMRIG.
