Illicit crypto volumes likely $51B in 2024, but overall share falls: Chainalysis
2024 saw nearly $41 billion worth of illicit crypto volume, but that could climb to around $51 billion as more criminal-tied addresses are found, Chainalysis says.
Illicit crypto volumes may have reached as much as $51 billion in 2024, according to estimates from Chainalysis, but the share of illicit crypto use compared to the entire market has fallen to the lowest level in three years.
Last year saw nearly $41 billion worth of illicit crypto volume, but that could rise another $10 billion given historical trends and as more illicit addresses are identified, the blockchain analytics firm said in a Jan. 15 blog post.
“2024 was likely a record year for inflows to illicit actors as these figures are lower-bound estimates based on inflows to the illicit addresses we’ve identified up to today,” Chainalysis wrote.
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Author: Jesse Coghlan
