Crypto crime in 2024 likely exceeded $51B, far higher than reported: Chainalysis
Crypto crime is surging, with AI fraud, stablecoin laundering and ransomware evolution redefining illicit finance. Can regulators keep up?
Crypto crime has entered a professionalized era dominated by AI-driven scams, stablecoin laundering and efficient cyber syndicates, the 2025 “Crypto Crime Report” by Chainalysis reveals, with the past year witnessing a staggering $51 billion in illicit transaction volume — shattering previous records and assumptions.
Initial estimates suggested a decline in crypto crime for 2024. Deeper analysis now suggests otherwise: Criminals have adopted advanced money laundering techniques, hinging on stablecoins, decentralized finance (DeFi) and AI-powered deception, which created the illusion of decreased crime.
Gone are the days of lone hackers and shady darknet markets. The report paints a grim picture of hyper-professionalized cybercrime networks, where fraud cartels, nation-state hackers and AI-powered scams dominate the landscape.
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Author: Michael Tabone
