Criminals hold $25 billion worth of illicit cryptocurrency, Chainalysis report finds
The latest Chanalysis report has revealed that criminal crypto whales hold more than $25 billion in cryptocurrency from a multitude of illicit sources.
Stolen funds in 2021 accounted for 93 per cent of all criminal balances at $9.8bn. Darknet funds accounted for $448 million, scams were $192 million, while fraud shops were at $66 million, and ransomware at $30m. In total, Chainalysis identified 4,068 criminal whales - criminals holding more than $1 million in crypto - who, as a group, hold a staggering $25 billion worth of cryptocurrency.
