Illicit Crypto Activity on-Chain Shows a 20% Decline Since January
Overview of Illicit Crypto Activity
Illicit crypto activity on-chain has seen a considerable decline of nearly 20% since January. This trend reflects a broader decrease in overall crypto crime, yet some areas are not following suit.
Rising Categories of Illicit Activity
Despite this positive trend, two categories have experienced troubling increases:
- Stolen Funds: The amount stolen through hacks and scams is on the rise.
- Ransomware: Ransomware attacks are becoming more prevalent, posing significant risks.
This indicates a need for vigilance and adaptability in the fight against crypto-related crime.
Future Implications
The future of illicit crypto activity remains uncertain. Ongoing analysis and proactive measures will be critical in addressing these challenges and shaping a secure crypto environment.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.