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Significant drop in crypto crime in 2023

Bitcoin crime
Photo: Getty Images

Illicit activity down as scamming and stolen funds fall, but ransomware and darknet markets see growth, Chainalysis says.

A crypto crime report by Chainalysis due to be released in full later this month shows that the number of crimes involving crypto has fallen since 2018. At the same time, Bitcoin’s role has fallen by 67% as the share of transactions made with stablecoins dramatically increased.

After a steady yearly rise,