🕵️♂️ $40.9 Billion in Illegal Crypto Transactions in 2024: Stablecoins Take Center Stage!
💸💻According to a report by Chainalysis, funds sent to illicit addresses in 2024 totaled $40.9 billion, with 63% coming from stablecoins. Projections for the year-end estimate the figure will reach $51.3 billion, indicating growing activity in this sector.
🔗 Amid the rising popularity of stablecoins, Bitcoin remains the primary tool for ransomware attacks and darknet markets. Chainalysis data also shows that 2022 set a record with $54.3 billion in illegal transactions, though activity has since gradually declined.
💬 Despite these alarming numbers, it’s worth noting that “criminal” transactions account for just 0.14% of total cryptocurrency volume, proving that the vast majority of crypto operations remain legitimate.
🔥 Interestingly, the report excludes data on Monero, a popular privacy-focused cryptocurrency, potentially masking its impact on the statistics.
📊 These numbers raise important questions: How will the industry balance innovation and combating illegal activities? 🌐💡
