Chainalysis: Crypto Crime Outlets Have Become Limited.
24 Feb 2023, 08:00
Chainalysis: Crypto Crime Outlets Have Become Limited
Blockchain analysis firm Chainalysis says in a new report that crypto crime fighting has been effective to some degree. While the amount of crime hasn’t necessarily fallen in recent years, the fight against it has limited criminals to certain platforms when cashing out, transferring their stolen funds into fiat, or engaging in illicit transactions.
New Chainalysis Report Says Criminals Don’t Have That Many EnterprisesIn its report, Chainalysis says most criminals are limited to about 915 digital platforms to engage in illegal transfers. This is the smallest number recorded since 2012, arguably a year when crypto was still very new and in development. The analysis company also said that many illicit firms have gone out of business in recent years, thus keeping criminals contained to fewer options as they no longer have the large havens to explore when engaging in illegal transactions.