Chainalysis: Stablecoins Still Dominating Illicit Activity in 2024

BlockBeats News, January 15th, According to the 2025 Crypto Crime Report released by blockchain analysis company Chainalysis, stablecoins still dominated the illicit transaction volume in 2024. The report indicates that based on current metrics, the value received by illicit crypto addresses by 2024 will reach $40.9 billion. However, as Chainalysis continues to refine its metrics, identify more illicit addresses, and incorporate historical activity into its estimates, it is projected that this number will reach $51.3 billion this year.

Furthermore, in 2024, stolen funds increased by approximately 21% year-on-year, reaching $2.2 billion. The report states that the majority of stolen funds came from DeFi services, while centralized services were "most targeted" in the second and third quarters of last year. Overall, key leakage accounted for 43.8% of stolen cryptocurrency throughout the year.