Illicit Crypto Transactions Skyrocketed in 2024, Forecasts Suggest 51 Billion Dollar Increase
Illegal cryptocurrency transactions reached as high as $40 billion in 2024, with estimates suggesting this figure could rise to around $51 billion in 2025. The shift away from Bitcoin and towards stablecoins is a notable trend, with stablecoins now accounting for 63% of all criminal transactions. This represents a significant decrease from the 70% of crimes that were committed using Bitcoin four years ago.
- The growing use of stablecoins by cybercriminals highlights the need for more effective anti-money laundering regulations in the cryptocurrency space.
- As cryptocurrency adoption continues to grow, will governments and regulatory bodies be able to keep pace with the evolving nature of illicit transactions?