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2024 Crypto Crime Report by TRM Lab
TRM Lab's 2025 Crypto Crime Report analyses key trends in illicit cryptocurrency activities during 2024. While overall crypto transaction volume increased, illicit volume decreased, representing a smaller percentage of total crypto activity compared to 2023. Sanctions, blocklisted funds, and scams remained top categories of illicit use, with TRON blockchain seeing the largest decrease in illicit activity due to increased focus on rooting out illicit actors. Terrorist financing expanded with increased operational security while ransomware demands and crypto-related hacks reached all-time highs, impacting technology, retail, and financial sectors. Scam and fraud volumes decreased overall but still posed a significant threat, while illicit drug sales grew with a shift towards encrypted platforms, particularly within the Russian-language ecosystem.
Published on 10 months, 3 weeks ago