{"id":7989,"date":"2025-01-16T10:32:21","date_gmt":"2025-01-16T10:32:21","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7989"},"modified":"2025-01-16T10:32:21","modified_gmt":"2025-01-16T10:32:21","slug":"illicit-crypto-use-hits-51-billion-in-2024-but-shrinks-to-three-year-low-in-market-share","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7989","title":{"rendered":"Illicit Crypto Use Hits $51 Billion In 2024 But Shrinks To Three-Year Low In Market Share"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Illicit cryptocurrency transactions surged to an estimated $51 billion in 2024, according to <a href=\"https:\/\/www.chainalysis.com\/blog\/2025-crypto-crime-report-introduction\/\" target=\"_blank\" rel=\"nofollow\">blockchain analytics firm Chainalysis<\/a>. Despite this sharp rise in volume, <\/span><span data-preserver-spaces=\"true\">illicit crypto activities<\/span><span data-preserver-spaces=\"true\"> accounted for only 0.14% of the total market, marking the lowest share in three years. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In comparison, illicit crypto activities accounted for 0.61% in 2023, approaching the 2021 low of 0.12%. Chainalysis emphasized that the 2024 figure is a conservative estimate, as ongoing investigations will likely uncover additional illicit addresses and activity. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201c2024 was likely a record year for inflows to illicit actors,\u201d the firm stated in a January 15 blog post, noting that historical trends suggest these numbers will increase as more data becomes available.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">9 Best High-Risk High-Reward Crypto Coins to Buy in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">ETFs And Trump\u2019s Election Spark Renewed Optimism<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The broader crypto market experienced a revival in 2024, bolstered by favorable developments such as U.S. exchange-traded funds and renewed enthusiasm following Donald Trump\u2019s election. The market\u2019s total value <\/span><span data-preserver-spaces=\"true\">reached a peak of<\/span><span data-preserver-spaces=\"true\"> $3.9 trillion in December, contributing to the increased use of digital assets.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Transnational organized crime groups were among the largest beneficiaries of illicit crypto activity, using digital currencies for traditional crimes such as money laundering and trafficking of drugs, humans, and wildlife. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Of the $40.9 billion in illicit crypto volume identified in 2023, $11 billion went to wallets tied to hacking, scams, extortion, and trafficking, Chainalysis revealed.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f4e3.png\" alt=\"\ud83d\udce3\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">The Introduction to the 2025 Chainalysis Crypto Crime Report is here! <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f50e.png\" alt=\"\ud83d\udd0e\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Check out our blog to learn the latest about the on-chain illicit ecosystem\u2019s increasing <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f4c8.png\" alt=\"\ud83d\udcc8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> professionalization, featuring a broadening array of illicit actor organizations. <a href=\"https:\/\/t.co\/ejjlwHEUm1\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/ejjlwHEUm1<\/a><\/p>\n<p>\u2014 Chainalysis (@chainalysis) <a href=\"https:\/\/twitter.com\/chainalysis\/status\/1879515130364416053?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 15, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Stablecoins remained the preferred medium for moving illicit funds, comprising nearly two-thirds of such transactions. However, Chainalysis noted that stablecoins dominate the broader crypto market as well, representing approximately 77% of total transaction volumes.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While the decline in the share of illicit transactions is encouraging, Chainalysis cautioned that these rates could increase as new data emerges. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Historically, the proportion of illicit crypto use has consistently remained below 1%, highlighting ongoing challenges in combating financial crime within the sector.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">9 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Web3 Workers Targeted By Malware Campaign<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Last month, cybersecurity firm Cado Security Labs warned that Web3 professionals have become the latest victims of a sophisticated malware campaign that employs fake meeting apps to steal sensitive credentials and crypto assets.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In a report, Cado\u2019s threat research lead, Tara Gould, detailed that scammers\u00a0are leveraging\u00a0artificial intelligence (AI) to craft convincing websites and social media profiles that mimic legitimate companies.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The malicious app, initially called \u201cMeeten,\u201d has undergone several rebrands. It now operates as \u201cMeetio\u201d and previously used domains such as Clusee.com, Cuesee, Meeten.gg, and Meetone.gg.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Once downloaded, the app deploys a Realst information stealer\u00a0to extract sensitive data, including Telegram logins, banking information, and cryptocurrency wallet credentials.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Similar schemes have surfaced recently. In August, on-chain investigator ZackXBT identified 21 developers, likely linked to North Korea, using fake identities to infiltrate crypto projects.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Additionally, in September, the FBI warned of North Korean hackers targeting crypto firms and decentralized finance (DeFi) projects with malware disguised as job offers.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/news\/300-million-exploit-japans-dmm-bitcoin-exchange-suffers-largest-hack-of-2024\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">$300 Million Exploit: Japan\u2019s DMM Bitcoin Exchange Suffers Largest Hack Of 2024<\/span><\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/illicit-crypto-use-hits-51-billion-in-2024-but-shrinks-to-three-year-low-in-market-share\/\">Illicit Crypto Use Hits $51 Billion In 2024 But Shrinks To Three-Year Low In Market Share<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Illicit cryptocurrency transactions surged to an estimated $51 billion in 2024, according to blockchain analytics firm Chainalysis. Despite this sharp rise in volume, illicit crypto activities accounted for only 0.14% of the total market, marking the lowest share in three years. In comparison, illicit crypto activities accounted for 0.61% in 2023, approaching the 2021 low [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7989","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7989"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7989\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}