Crypto Scandals & History on Nostr: The Chainalysis 2023 Crypto Crime Report has revealed that the total value of known ...
The Chainalysis 2023 Crypto Crime Report has revealed that the total value of known illicit cryptocurrency transactions in 2022 was $24.2 billion, down from $21 billion in 2021. However, the report notes that the total value of illicit transactions in 2022 was higher in absolute terms, due to the growth of the cryptocurrency market as a whole. The report breaks down the types of illicit transactions, with $8.6 billion in sanctions violations, $3.8 billion in stolen funds from hacks, $3.3 billion in scams, $1.5 billion in darknet market transactions, and $1.1 billion in ransomware payments. The report also highlights the role of blockchain analytics in tracing the flow of illicit funds, with techniques such as cluster analysis, exchange KYC cooperation, and chain-hopping detection being used to identify and disrupt illicit activities. The report notes that the irreducible 0.24% illicit share of cryptocurrency transactions is significantly lower than the estimated 2-5% of cash transactions that are used for illicit activities. The report highlights the importance of effective AML and KYC controls in the cryptocurrency space, as well as the need for international cooperation in combating crypto crime. As the cryptocurrency market continues to evolve, it is likely that we will see more sophisticated money laundering techniques emerge. The question remains, how can we effectively combat the use of cryptocurrency for illicit activities, and what role will blockchain analytics play in this effort?
Published at
2026-03-25 03:00:04 UTCEvent JSON
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"content": "The Chainalysis 2023 Crypto Crime Report has revealed that the total value of known illicit cryptocurrency transactions in 2022 was $24.2 billion, down from $21 billion in 2021. However, the report notes that the total value of illicit transactions in 2022 was higher in absolute terms, due to the growth of the cryptocurrency market as a whole. The report breaks down the types of illicit transactions, with $8.6 billion in sanctions violations, $3.8 billion in stolen funds from hacks, $3.3 billion in scams, $1.5 billion in darknet market transactions, and $1.1 billion in ransomware payments. The report also highlights the role of blockchain analytics in tracing the flow of illicit funds, with techniques such as cluster analysis, exchange KYC cooperation, and chain-hopping detection being used to identify and disrupt illicit activities. The report notes that the irreducible 0.24% illicit share of cryptocurrency transactions is significantly lower than the estimated 2-5% of cash transactions that are used for illicit activities. The report highlights the importance of effective AML and KYC controls in the cryptocurrency space, as well as the need for international cooperation in combating crypto crime. As the cryptocurrency market continues to evolve, it is likely that we will see more sophisticated money laundering techniques emerge. The question remains, how can we effectively combat the use of cryptocurrency for illicit activities, and what role will blockchain analytics play in this effort?",
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