Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
crypto.news 2025-02-19 12:49:19

Sanctions remain dominant at 33% of illicit crypto flows in 2024, analysts say

Sanctions remain dominant at 33% of illicit crypto flows in 2024, analysts say

Sanctions remain the top illicit crypto category at 33% of illicit volume, as overall blockchain transactions surged to $10.6 trillion in 2024. Crypto transactions jumped 56% in 2024 to $10.6 trillion, while illicit activity fell 24% to $45 billion, now just 0.4% of total volume, down from 0.9% in 2023, TRM Labs reports. In a Feb. 18 blog post , the blockchain forensic firm said sanctions -linked transactions made up the largest share of illicit crypto activity, accounting for 33% of the total. Blocklisted funds followed at 29%, with scams and fraud at 24%. The analysts expect the illicit volume figures to rise over time as more data is analyzed. In early 2024, the firm estimated illicit transactions for 2023 at $34.8 billion. However, that number has now been revised up to $58.7 billion, a 69% increase. Similarly, 2022’s estimate was raised from $49.6 billion to $56.6 billion. Incoming volume to Tether blocklisted addresses | Source: TRM Labs For comparison, another blockchain analytics firm Chainalysis reported in January that illicit crypto volume in 2024 hit nearly $41 billion. However, the firm noted that the figure could rise by another $10 billion as more shady addresses are uncovered. “We consider our estimate as the minimum, or ‘floor,’ for the volume of illicit cryptocurrency, and expect figures to increase over time with delayed attribution and reporting.” TRM Labs You might also like: Scoop: Four top crypto exchanges received nearly $80m in USDT from Hamas-linked exchange since early 2024 TRON remains the top blockchain in terms of illicit transactions in 2024 at 58%, the analysts say, adding that the network is followed by Ethereum (24%) and Bitcoin (12%). While it might seem that bad actors are increasingly using TRON allegedly due to its small fee, the network also saw the biggest drop in illicit activity, with a $6 billion decline. As crypto.news reported earlier, Spanish authorities and the T3 Financial Crime Unit froze over $26 million in crypto linked to a money laundering ring operating across Europe. The crackdown was made possible by T3 FCU — a team backed by TRON, Tether, and TRM Labs — which worked with Spain’s Guardia Civil to track down the crypto addresses tied to the group. Officials say the organization moved millions, converting cash into crypto for illicit use. That operation marked T3 FCU’s biggest asset freeze since launching in 2024. So far, the team has helped authorities seize more than $126 million in illicit crypto across five continents. Tether CEO Paolo Ardoino called the effort a “testament to the power of blockchain” in fighting crime, adding that “those who attempt to misuse Tether will get caught.” Read more: Huione, company behind largest illicit online marketplace, launches stablecoin: report

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
610
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.