The Chainalysis 2024 Crypto Crime Report highlights a $1.7 billion revenue surge in darknet markets and a rise in crypto-linked sanctions and new scam trends.
The crypto industry continues to suffer from cybercrimes, with darknet markets being one of the two categories showing an increase in revenue in 2023, according to the latest report from blockchain analysis firm Chainalysis.
The Chainalysis “2024 Crypto Crime Report,” released on Feb. 29, reveals that darknet marketplaces received revenue of at least $1.7 billion in 2023 — a rebound from its 2022 data when authorities shut down the world’s largest darknet marketplace, Hydra.
While no single marketplace replaced Hydra, the report revealed that smaller marketplaces are thriving by serving specific niches and developing more “specialized roles.” Chainalysis highlighted Mega Darknet Market leading the pack with over $500 billion in crypto inflows.
