Home Cryptocurrency Cryptocrimes amounted to more than $24 billion in 2023: Chainalysis

Cryptocrimes amounted to more than $24 billion in 2023: Chainalysis

by SuperiorInvest

Another caveat to the investigation is the prevalence of transactions with sanctioned entities, which accounted for a combined volume of $14.9 billion (61.5%) in 2023. Part of this $14.9 billion includes transactions by normal cryptocurrency users who live in sanctioned jurisdictions. After all, not all Russian-based crypto exchange Garantex, which was sanctioned by relevant bodies in both the US and the UK, is using cryptocurrencies for money laundering and ransomware.

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