Chainalysis: Only 0.32 percent of BTC in circulation is "untainted," mostly for illegal activities

Nearly 1 million Bitcoin (BTC) are held by cryptography criminals and more than half of them are in the dark web market, according to a recent BlockBeats report released by Chainalysis.

Source: Chainalysis

According to Rhythm, the dark network market currently holds 585,000 BTC, the fraudsters hold 99,000 BTC, another 205,000 BTC for stolen funds, in addition to another 3,000 BTC held by other criminals. Of all the current BTC flows, only 0.32 percent have not been involved in illegal activities, according to Statistics from Chainalysis.

Source: Chainalysis

However, due to the high number of frauds and thefts in recent years, encrypted trading platforms have taken KYC and anti-money laundering procedures more seriously, making it more difficult for criminals to move stolen goods, which is a great benefit for the market as it will avoid a price collapse due to heavy selling by criminals.

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Text link:https://cointelegraph.com/news

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