Crypto Crime Revenue Plunges Over 50% in 2023 But Risks Remain: UN Warns of Rising Crypto Money Laundering
• Crypto crime revenue down over 50% in 2023 compared to 2022, according to Chainalysis report • $24.2 billion in illicit crypto funds in 2023 vs $39.6 billion in 2022 • Stablecoins now account for majority of illicit crypto transaction volume • While crypto theft down, other crypto crimes like ransomware saw revenue increases • UN warns of rise in crypto-enabled money laundering via online casinos in Asia