• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Rise in Crypto Money Laundering in 2024: New Tactics and Challenges

user avatar

by Giorgi Kostiuk

6 hours ago


Chainalysis Inc. released its 2024 Crypto Money Laundering Report, highlighting the rapid increase in illicit cryptocurrency transactions targeting global exchanges.

Uncontrolled Crypto Flows to Exchanges in 2023

Chainalysis Inc. identified 109 exchange deposit addresses receiving over $10 million each in illicit cryptocurrency, totaling $3.4 billion in 2023. Eric Jardine, Cybercrimes Research Lead at Chainalysis, stated: 'In 2023, 109 exchange deposit addresses received over $10 million worth of illicit cryptocurrency each, and collectively, they received $3.4 billion in illicit cryptocurrency.'

In 2023, 109 exchange deposit addresses received over $10 million worth of illicit cryptocurrency each, and collectively, they received $3.4 billion in illicit cryptocurrency.Eric Jardine

Security and Compliance

The latest price data is unavailable; however, analysts interpret the report as confirming historical security challenges, pressuring exchanges to boost compliance.

Increased Use of Innovative Technologies

In 2022, the use of bridges was limited to $312.2 million. Current developments indicate a stronger technological grasp by illicit actors, necessitating robust regulatory collaboration.

The Chainalysis report highlights the need for decisive actions in security and compliance to prevent further growth of illicit operations on cryptocurrency exchanges.

0

Share

Other news

Growth Potential and Impact of $PHNIX in XRPL Ecosystem

Exploring $PHNIX's growth and its significance for the XRPL blockchain in volatile market conditions.

user avatarGiorgi Kostiuk

a minute ago

Investors Celebrate Success with MUBARAK Coin's Sudden Surge

MUBARAK Coin on BNB Chain rose by 70%, reaching $0.20 with $200 million capitalization.

user avatarGiorgi Kostiuk

a minute ago

Metaplanet's Path to 21,000 BTC: Current Successes and Strategy

Metaplanet raised its Bitcoin holdings to 3,200 BTC, aiming for 21,000 BTC by 2026.

user avatarGiorgi Kostiuk

2 minutes ago

Strategy Announces $500 Million Equity Offering to Increase Bitcoin Assets

Company announces plans to raise $500 million through an equity offering to expand Bitcoin reserves.

user avatarGiorgi Kostiuk

2 minutes ago

How iAgent is Transforming Artificial Intelligence with Decentralization and Blockchain

iAgent introduces an innovative decentralized platform for AI development in the gaming industry.

user avatarGiorgi Kostiuk

3 minutes ago

Expiring $13.2B in Bitcoin and Ethereum Options May Increase Market Volatility

March sees $13.2B in Bitcoin and Ethereum options expiry, potentially causing significant volatility.

user avatarGiorgi Kostiuk

3 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.