Chainalysis: Cryptocurrency money laundering fell 30% year-on-year to $22.2 billion in 2023
Chainalysis stated in its annual report on cryptocurrency money laundering that illegal cryptocurrency activities fell sharply last year, partly due to a decrease in cryptocurrency trading volume, and also because hacker groups such as Lazarus Group are developing methods to evade detection.
Chainalysis stated that the amount of money laundered through cryptocurrency in 2023 was $22.2 billion, lower than the previous year's $31.5 billion. This decrease is greater than the decrease in trading volume, indicating that factors other than the overall market downturn may have contributed to the reduction in illegal activity. Data shows that only about 1% of all money laundering activities are conducted through cryptocurrency. Deloitte reportedly wrote in a report in June 2023 that all illegal money laundering funds amounted to about $2 trillion annually. (CoinDesk)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
