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<ul class="news-points"> 
 <li>Scamming and stolen funds decrease; ransomware and darknet markets see revenue increases.</li> 
 <li>Stablecoins surpass Bitcoin as the preferred currency for illicit transactions due to stability and ease of use.</li> 
 <li>Chainalysis reports a 39% drop in total crypto value sent to illicit addresses from $39.6B in 2022 to $24.2B in 2023.</li> 
</ul> 
Fears of rampant cryptocurrency-fueled crime may be cooling, as a new report from blockchain data platform Chainalysis reveals a significant drop in crypto value received by illicit addresses throughout 2023. 
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 <img decoding="async" width="779" height="480" src="https://coinedition.com/wp-content/uploads/2024/01/Total-cryptocurrency-value-received-by-illicit-addresses-2018-2023.png" alt="" class="wp-image-364913" srcset="https://coinedition.com/wp-content/uploads/2024/01/Total-cryptocurrency-value-received-by-illicit-addresses-2018-2023.png 779w, https://coinedition.com/wp-content/uploads/2024/01/Total-cryptocurrency-value-received-by-illicit-addresses-2018-2023-300x185.png 300w, https://coinedition.com/wp-content/uploads/2024/01/Total-cryptocurrency-value-received-by-illicit-addresses-2018-2023-380x234.png 380w, https://coinedition.com/wp-content/uploads/2024/01/Total-cryptocurrency-value-received-by-illicit-addresses-2018-2023-768x473.png 768w, https://coinedition.com/wp-content/uploads/2024/01/Total-cryptocurrency-value-received-by-illicit-addresses-2018-2023-144x89.png 144w, https://coinedition.com/wp-content/uploads/2024/01/Total-cryptocurrency-value-received-by-illicit-addresses-2018-2023-722x445.png 722w, https://coinedition.com/wp-content/uploads/2024/01/Total-cryptocurrency-value-received-by-illicit-addresses-2018-2023-401x247.png 401w, https://coinedition.com/wp-content/uploads/2024/01/Total-cryptocurrency-value-received-by-illicit-addresses-2018-2023-390x240.png 390w, https://coinedition.com/wp-content/uploads/2024/01/Total-cryptocurrency-value-received-by-illicit-addresses-2018-2023-268x165.png 268w, https://coinedition.com/wp-content/uploads/2024/01/Total-cryptocurrency-value-received-by-illicit-addresses-2018-2023-342x211.png 342w, https://coinedition.com/wp-content/uploads/2024/01/Total-cryptocurrency-value-received-by-illicit-addresses-2018-2023-114x70.png 114w, https://coinedition.com/wp-content/uploads/2024/01/Total-cryptocurrency-value-received-by-illicit-addresses-2018-2023-122x75.png 122w" sizes="(max-width: 779px) 100vw, 779px">
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Total cryptocurrency value received by illicit addresses, 2018-2023 
<a href="https://www.chainalysis.com/blog/2024-crypto-crime-report-introduction/" target="_blank" rel="nofollow">The report reveals a 39% drop in the total value sent</a> to illicit addresses, from a staggering $39.6 billion in 2022 to just $24.2 billion last year. This decrease was accompanied by a dip in the share of all crypto transaction volume associated with illicit activity, down from 0.42% to 0.34%. 
The report also highlights a changing landscape of crypto-based crime, with stablecoins now dethroning Bitcoin, once the go-to currency for cybercriminals, as the preferred currency for illicit transactions. This popularity can be attributed to its inherent stability and rela…
The post <a href="https://coinedition.com/crypto-crime-in-2023-illicit-activity-drops-cybercriminals-target-stablecoins/">Crypto Crime in 2023: Illicit Activity Drops, Cybercriminals Target Stablecoins</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Crime in 2023: Illicit Activity Drops, Cybercriminals Target Stablecoins

Coin Edition

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