Stablecoins Account for 63% of Illegal Crypto Activity in 2024

Stablecoins Dominate Illicit Crypto Transactions

Stablecoins accounted for 63% of illegal crypto activities in 2024, surpassing Bitcoin.
This trend reflects a growing preference among criminals for stablecoins due to their stability and ease of use.
Illicit crypto activity is projected to reach $51.3 billion in 2024, driven by increased blockchain crimes.
Suspicious addresses held approximately $40.9 billion, with potential for further increases as more fraudulent addresses are identified.
Year-over-year stablecoin activity on Layer 2 solutions grew by 77%.

Stolen Crypto Statistics

Stolen funds rose by 21% in 2024, totaling $2.2 billion, primarily from DeFi platforms and centralized exchanges.
Compromised private keys were responsible for nearly 43.8% of stolen crypto.
North Korean hackers, notably the Lazarus Group, stole an estimated $1.34 billion, marking a significant cybercrime event.
Common scams included high-yield investment schemes and "pig butchering," where fraudsters create fake relationships to lure victims into investing.