This is an automated archive made by the Lemmit Bot.

The original was posted on /r/monero by /u/MoneroFox on 2024-10-08 07:16:17+00:00.

2024 Crypto Crime Trends

... Through 2021, Bitcoin reigned supreme as the cryptocurrency of choice among cybercriminals, likely due to its high liquidity. But that’s changed over the last two years, with stablecoins now accounting for the majority of all illicit transaction volume ... Some forms of illicit cryptocurrency activity, such as darknet market sales and ransomware extortion, still take place predominantly in Bitcoin. Others, like scamming and transactions associated with sanctioned entities, have shifted to stablecoins ...

End notes: ... These estimates do not include privacy coins like Monero.

Kraken confirmed this recently as well by delisting Monero in EU ... and in January 2025, we can expect a similar blog by Chainalysis again.