The crypto industry is facing an escalating wave of crimes utilizing cross-chain technologies. A report by Elliptic illustrates a significant increase in illicit flows.
Increase in Illicit Cross-Chain Flows
According to Elliptic's report, illicit cross-chain flows reached $21.8 billion in 2025, which is three times the amount reported in the previous year. Key cryptocurrencies involved in these flows include ETH, BTC, and popular stablecoins such as USDT and USDC.
Challenges in Tracking Cross-Chain Crimes
Arda Akartuna, lead crypto threat researcher at Elliptic, highlights the complexities of a multi-chain ecosystem. Notable contributors to these crimes include North Korean hackers and sanctioned Iranian entities. DeFi protocols, DEXs, and cross-chain bridges are frequently exploited, with asset tracing technology being crucial in combating these crimes.
Impact on Market Stability and Regulation
The surge in crime affects market stability, prompting financial institutions to reassess their security measures. Regulatory bodies like the FBI have noted rising consumer losses, emphasizing collaboration with firms such as Elliptic. Experts warn of persistent threats and underscore the need for robust regulatory frameworks.
According to Elliptic, the rise in cross-chain crimes presents significant risks not only to cryptocurrency users but also to the entire financial infrastructure. The need for new tracking technologies and regulatory measures becomes increasingly pressing.
