Illicit Crypto Transactions in 2022 Surpassed $20 Billion for the First Time: Chainalysis
Criminal transactions involving digital currencies in 2022 supposedly totaled $20.1 billion, a $2 billion increase compared to 2021. Illegal financial transactions involving cryptocurrencies in 2022 have reportedly surged for a second consecutive year, tapping an all-time high of $20.1 billion.
Apart from the significant market decline, the numerous bankruptcies, and scandals, 2022 will be remembered as a flourishing year for illicit cryptocurrency transactions. According to Chainalysis’ recent study, the total value received by illegal crypto addresses hit $20.1 billion during the past 12 months. Chainalysis outlined that transactions associated with sanctioned organizations soared over 100,000-fold in 2022, compared to 2021, and made up 44% of last year’s total criminal activity.
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