Chainalysis reported a decrease in criminal proceeds in the crypto market in 2023
At the end of 2023, the volume of illegal income from crypto fraud and hacking decreased by 29.2% and 54.3%, respectively. This is stated in the Chainalysis report.
Analysts estimate that the share of stolen cryptocurrency in 2023 accounted for 0.34% of the total volume of on-network transactions. The total was $24.2 billion, up from $39.6 billion in 2022.
61.5% of the total volume of illegal transactionsâ$14.9 billionâaccounted for entities and jurisdictions under sanctions.
In contrast to general trends, experts recorded an increase in income in the ransomware markets and darknet marketplaces.
Let us remind you that according to Immunefi estimates, in 2023 the cryptocurrency industry lost $1.8 billion as a result of hacker attacks and fraud. At the same time, the North Korean Lazarus Group is responsible for the theft of at least $308.6 million.
