Crypto crime in 2024 likely exceeded $51B, far higher than reported: Chainalysis

Quick Summary:

Crypto crime is surging, with AI fraud, stablecoin laundering and ransomware evolution redefining illicit finance.Can regulators keep up?

The crypto market remains plagued by wash trading, fake volume and pump-and-dump schemes.

It examines how North Korean hackers stole a record $1.34 billion, the fall of major ransomware groups like LockBit and the SEC’s crackdown on $2.57 billion in market manipulation schemes.

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Article Details

Author / Journalist: Cointelegraph by Michael Tabone

Category: Crypto

Markets: United StatesNorth Korea

Topics: Crypto Trading Bitcoin Laundering Stablecoin Ransomware Illicit Stablecoins Crime Report Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 15:11:50 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 817 words

Reading Time: 5 minutes read

Sentences: 44 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26478070

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 495 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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