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Cryptocurrency crime hit an all-time high in 2021

07
Jan
2022
Cryptocurrency crime hit an all-time high in 2021

image credit: pexels

The amount of funds linked to cryptocurrency-related crime rose by almost 80% last year, but was crowded out by a massive increase in adoption among legitimate users, new figures show.

According to a report from blockchain data platform Chainalysis, illicit addresses received $14 billion worth of cryptocurrency over the course of 2021, up from $7.8 billion the year before. However, total transaction volume across all cryptocurrencies rose by 567% from 2020 highs, totalling $15.8 trillion.

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