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Crypto crime in 2024 likely exceeded $51B, far higher than reported: Chainalysis
The post Crypto crime in 2024 likely exceeded $51B, far higher than reported: Chainalysis appeared on BitcoinEthereumNews.com. Crypto crime has entered a professionalized era dominated by AI-driven scams, stablecoin laundering and efficient cyber syndicates, the 2025 “Crypto Crime Report” by Chainalysis reveals, with the past year witnessing a staggering $51 billion in illicit transaction volume — shattering previous records and assumptions. Initial estimates suggested a decline in crypto crime for 2024. Deeper analysis now suggests otherwise: Criminals have adopted advanced money laundering techniques, hinging on stablecoins, decentralized finance (DeFi) and AI-powered deception, which created the illusion of decreased crime. Gone are the days of lone hackers and shady darknet markets. The report paints a grim picture of hyper-professionalized cybercrime networks, where fraud cartels, nation-state hackers and AI-powered scams dominate the landscape. Ransomware payments dropped 35% year-over-year (YoY), yet the battle is far from won. Cybercriminals are abandoning Bitcoin (BTC) in favor of stablecoins, Monero (XMR) and DeFi exploits. Total cryptocurrency value received by illicit addresses 2020–2024. Source: Chainalysis Stablecoins are the new kingpin of illicit crypto activity Bitcoin was the currency of choice for cybercriminals for years, but this changed in 2022. The 2025 Chainalysis report shows a seismic shift to stablecoins that now account for 63% of all illicit crypto transactions. Criminals are abandoning Bitcoin in favor of stablecoins because they offer speed, liquidity and regulatory blind spots that make illicit transactions easier to execute and harder to trace. Unlike Bitcoin, which can experience longer confirmation times, stablecoins provide near-instantaneous transactions and US dollar-pegged stability. This makes stablecoins ideal for laundering large sums of money without worrying about price fluctuations and makes tracking transactions harder due to faster shifts through mixers, crosschain bridges and DeFi protocols to obscure transaction origins and evade detection. This pivot shows a growing preference for more efficient financial tools in the evolving landscape of crypto crime. Stablecoins have overtaken BTC for…
The post Crypto crime in 2024 likely exceeded $51B, far higher than reported: Chainalysis appeared on BitcoinEthereumNews.com.
Crypto crime has entered a professionalized era dominated by AI-driven scams, stablecoin laundering and efficient cyber syndicates, the 2025 “Crypto Crime Report” by Chainalysis reveals, with the past year witnessing a staggering $51 billion in illicit transaction volume — shattering previous records and assumptions. Initial estimates suggested a decline in crypto crime for 2024. Deeper analysis now suggests otherwise: Criminals have adopted advanced money laundering techniques, hinging on stablecoins, decentralized finance (DeFi) and AI-powered deception, which created the illusion of decreased crime. Gone are the days of lone hackers and shady darknet markets. The report paints a grim picture of hyper-professionalized cybercrime networks, where fraud cartels, nation-state hackers and AI-powered scams dominate the landscape. Ransomware payments dropped 35% year-over-year (YoY), yet the battle is far from won. Cybercriminals are abandoning Bitcoin (BTC) in favor of stablecoins, Monero (XMR) and DeFi exploits. Total cryptocurrency value received by illicit addresses 2020–2024. Source: Chainalysis Stablecoins are the new kingpin of illicit crypto activity Bitcoin was the currency of choice for cybercriminals for years, but this changed in 2022. The 2025 Chainalysis report shows a seismic shift to stablecoins that now account for 63% of all illicit crypto transactions. Criminals are abandoning Bitcoin in favor of stablecoins because they offer speed, liquidity and regulatory blind spots that make illicit transactions easier to execute and harder to trace. Unlike Bitcoin, which can experience longer confirmation times, stablecoins provide near-instantaneous transactions and US dollar-pegged stability. This makes stablecoins ideal for laundering large sums of money without worrying about price fluctuations and makes tracking transactions harder due to faster shifts through mixers, crosschain bridges and DeFi protocols to obscure transaction origins and evade detection. This pivot shows a growing preference for more efficient financial tools in the evolving landscape of crypto crime. Stablecoins have overtaken BTC for…
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