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 […]