2026 Crypto Crime Report
Crypto Crime in 2025 Was Primarily Driven by 694% Surge in State-Driven Sanctions Evasion Volume
TL;DR The value received by sanctioned entities surged 694% in 2025, driving total illicit transaction volume to a record $154…
Total Ransomware Payments Stagnate for Second Consecutive Year, While Attacks Escalate
TL;DR Ransomware payments stagnated despite record attacks claimed. Total on-chain ransomware payments fell by approximately 8% to $820 million in…
From Fentanyl to Fraud: On-Chain Activity Highlights Illicit Market Evolution
TL;DR Darknet market activity remains resilient, with aggregate DNM flows reaching nearly $2.6 billion in 2025, underscoring the persistence of…
Cryptocurrency Flows to Suspected Human Trafficking Services Surge 85% Year-over-Year
TL;DR Cryptocurrency flows to suspected human trafficking services, largely based in Southeast Asia, grew 85% in 2025, reaching a scale…
Chinese Language Money Laundering Networks Emerge as Major Facilitators of the Illicit Crypto Economy, Now Driving 20% of Laundering Activity
TL;DR After emerging at the start of the pandemic, Chinese-language money laundering networks (CMLNs) now dominate known crypto money laundering…
Record $17 Billion Estimated Stolen in Crypto Scams and Fraud in 2025 as Impersonation Tactics and AI Enablement Surge
TL;DR We estimate $17 billion was stolen in crypto scams and fraud in 2025 — as impersonation scams show massive…
Crypto Crime Reaches Record High in 2025 as Nation‑State Sanctions Evasion Moves On‑Chain at Scale
In 2025, we tracked a notable rise in nation-state activity in crypto, marking the latest phase in the maturation of…