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63% of crypto crime now tied to stablecoins – Chainalysis report

According to Chainalysis, 63% of illicit crypto transactions now involve stablecoins, with Tether (USDT) actively working to combat misuse. The report shows that more than 40.9 billion USD flowed to illegal addresses in 2024.

The report indicates a 21% increase in cryptocurrency theft, totaling 2.2 billion USD, primarily targeting DeFi services and centralized exchanges. Notably, North Korean hackers accounted for 61% of the stolen funds.

The Chainalysis report highlights the rising involvement of AI in crypto crimes, indicating a shift towards more sophisticated criminal networks. These developments emphasize the professionalization of the crypto crime landscape.

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