Crypto criminals, who steal funds from crypto enterprises through various means, are increasingly becoming the biggest hodlers for these currencies. Hodling is an industry term for users who hold large amounts of crypto without selling them, in hopes of future profits. The largest hodlers are called whales, who hold over $1 million worth of crypto in their wallets.
Crypto criminals now account for roughly 4% of all whales in the industry, according to a report by blockchain tracking firm Chainalysis. The company’s 2022 Crypto Crimes report said that cryptocurrency holdings among cyber criminals saw a massive surge in 2021, rising from around $3 billion in 2020 to over $11 billion in 2021.
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