NEW YORK—2022 was a record year for illicit crypto transactions, a new report suggests.
According to a report from Chainalysis, the total cryptocurrency value received by illicit addresses reached $20.1 billion during 2022.
“The numbers aren’t final, as the measure of illicit transaction volume grows over time as the analysts identify new addresses associated with criminal activity. Moreover, it doesn’t include proceeds from non-crypto native crimes like drug trafficking and the funds on the balance of the above-mentioned failed companies, which are now under investigation in various jurisdictions around the globe,” Cointelegraph explained.
At this point, the total value of $20.1 billion slightly exceeds the same measure in 2021 ($18 billion) by 10%.
“However, it still represents an all-time record and significantly (by 60%) transcends the 2020 marker, which stands at $8 billion,” Cointelegraph said.
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