Tags: Chainalysis

Stablecoins now dominate 63% of illicit crypto transactions, surpassing Bitcoin as criminals exploit their speed and regulatory blind spots.

Latin America has reported a 42.5% year-over-year growth in cryptocurrency adoption, marking it as one of the fastest-growing regions.

Illicit activity involving cryptocurrency has declined so far this year, according to recent research from Chainalysis, but the news is not all good. 

‘Hops’ is a very common layering strategy in crypto money laundering that includes moving funds between several intermediary personal wallets.

Emerging markets like Turkey, Thailand, and Brazil are driving stablecoin purchases as a share of national GDP.

Gaza Now’s personal wallets received more than $40,000 in inflows in different crypto assets.

Chainalysis estimated that all crypto investors raked in total gains of $37.6 billion in 2023.

Despite diminishing inflows, entities like Tornado Cash couldn’t be completely stopped even after OFAC’s designation.

Ransomware payments hit an all-time high in 2023, exceeding $1 billion.

The Chainalysis report reveals that most illicit pump-and-dump schemes on the Ethereum DEX ecosystem fail to generate profit.