Chainalysis Reports a 20% Decline in Illicit Crypto Activity, But Stolen Funds and Ransomware Surge

Blockchain analysis firm Chainalysis has released its “2024 Crypto Crime Mid-year Update Part 1” report. The report indicates that while overall illicit activity on the blockchain has decreased by nearly 20% year-to-date, certain categories of criminal behavior, such as stolen funds and ransomware, are seeing a worrying increase. Chainalysis highlighted that legitimate crypto activity is... source: https://www.cryptoglobe.com/latest/2024/08/chainalysis-reports-a-20-decline-in-illicit-crypto-activity-but-stolen-funds-and-ransomware-surge/