Chinese Crypto Laundering Networks Processed $16B in 2025, Chainalysis Reports
Cryptocurrency laundering operations linked to Chinese criminal networks moved $16 billion in 2025, accounting for 20% of all illicit crypto transactions globally. Chainalysis revealed these networks primarily operate through Telegram channels, which function as digital marketplaces for money laundering and other illegal activities.
The report highlights how these platforms serve as intermediaries, connecting buyers and sellers without directly handling transactions. Beyond money laundering, the networks facilitate human trafficking and black-market sales of Starlink equipment used in Southeast Asian scams.
Andrew Fierman of Chainalysis notes the clientele includes sanctioned governments and organized crime groups, with ties to North Korean cyber operations. The findings underscore the growing sophistication of crypto-based financial crime.
