The amount of illicit cryptocurrency transactions reached an all-time high in 2021 at $14 billion, according to a new study due out next month.
Chainalysis, a firm that analyzes trends in the blockchain technology that underpins digital assets like cryptocurrency, said in a blog post Thursday its upcoming 2022 Crypto Crime Report will show a 79 percent year-over-year increase in cryptocurrency transactions linked to illicit addresses from 2020’s total of $7.8 billion. The report is due to be published in February.
