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Chainalysis: the influx of crypto assets into illegal services decreased by 65%

by Vaibhav
July 13, 2023
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In the first six months of 2023, the influx of digital assets into illegal services decreased by 65%. This is reported Chainalysis.

chart-1-yearly-comps-1024x640-1
The influx of cryptocurrencies to illegal services. Data: Chainalysis.

Experts noted a decrease in the total volume of transactions, but for legitimate services, the deviation is less serious – 28%.

Inflows to “criminal” addresses declined in almost all directions, with the main decline occurring in the “fraud” category.

chart-2-waterfall-1024x479-1
Cryptocurrency illegal flow statistics by category. Data: Chainalysis.

From January to June, cryptocams earned almost $3.3 billion less than in 2022. The most active area is ransomware, the criminals have earned $449.1 million in this way since the beginning of the year.

“If this pace continues, ransomware will net $898.6 million in 2023, trailing only $939.9 million in 2021,” the analysts said.

Snimok-ekrana-2023-07-13-v-09.57.59
Income from ransomware. Data: Chainalysis.

Recall, Beosin experts reported that in the first half of 2023, the digital asset sector lost about $655.6 million as a result of hacker attacks, fraud and rug pull.

See also  Binance Stops Delisting Anonymous Tokens in the EU

According to Immunefi, the number of crypto project hacks has increased by 63%. In the second quarter of 2023, the number of such incidents reached 81.

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bitcoin_crime

In the first six months of 2023, the influx of digital assets into illegal services decreased by 65%. This is reported Chainalysis.

See also  Coinbase Suspends Staking Services in Four US States by Order of Regulators
chart-1-yearly-comps-1024x640-1
The influx of cryptocurrencies to illegal services. Data: Chainalysis.

Experts noted a decrease in the total volume of transactions, but for legitimate services, the deviation is less serious – 28%.

Inflows to “criminal” addresses declined in almost all directions, with the main decline occurring in the “fraud” category.

chart-2-waterfall-1024x479-1
Cryptocurrency illegal flow statistics by category. Data: Chainalysis.

From January to June, cryptocams earned almost $3.3 billion less than in 2022. The most active area is ransomware, the criminals have earned $449.1 million in this way since the beginning of the year.

“If this pace continues, ransomware will net $898.6 million in 2023, trailing only $939.9 million in 2021,” the analysts said.

Snimok-ekrana-2023-07-13-v-09.57.59
Income from ransomware. Data: Chainalysis.

Recall, Beosin experts reported that in the first half of 2023, the digital asset sector lost about $655.6 million as a result of hacker attacks, fraud and rug pull.

See also  Ron DeSantis vows to ban CDBC in US if elected president

According to Immunefi, the number of crypto project hacks has increased by 63%. In the second quarter of 2023, the number of such incidents reached 81.

Subscribe to Cryplogger on social networks

Found a mistake in the text? Select it and press CTRL+ENTER

Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!

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