Reduction in Illicit Funds in Cryptocurrency Ecosystem Revealed by TRM Labs
Wednesday, 27 March 2024, 12:00
Reduction of Illicit Funds in Crypto Ecosystem
According to a recent report by TRM Labs, illicit activity in the cryptocurrency ecosystem saw a 9% decrease in 2023 compared to the previous year. The total illicit funds reduced, indicating a positive trend towards minimizing criminal involvement in the crypto market.
Challenges Remain Despite Reduction
TRM Labs found that criminals still handled over $34 billion in cryptocurrencies, underscoring the persistent challenge of combating illicit activities within the crypto space.
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.