How much does crypto crime cost in 2024?

Chainalysys also estimates that $40.9 billion was received by illicit addresses in 2024. However, this figure likely underestimates the true scale of crypto crime, with historical trends suggesting the actual figure may be closer to $51 billion. This represents approximately 0.14% of total on-chain transaction volume.

Are stablecoins a threat to crypto crime?

Now, 63% of all illicit cryptocurrency transactions involve stablecoin assets. However, some forms of crypto crime, such as ransomware and darknet market (DNM) sales, still remain Bitcoin-dominated. Cybercriminals are increasingly using stablecoins. Source: The Chainalysis 2025 Crypto Crime Report

Are cryptocurrencies facilitating crime?

Criminal networks are increasingly leveraging cryptocurrencies for a wide range of illicit activities and even engaging in “polycrime,” utilizing cryptocurrencies to facilitate multiple crime types simultaneously. Finally, the report underscores the emergence of highly organized and professionalized entities within the crypto crime landscape.