{"id":484692,"date":"2022-02-28T13:45:54","date_gmt":"2022-02-28T13:45:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=484692"},"modified":"2024-06-11T14:17:48","modified_gmt":"2024-06-11T14:17:48","slug":"criminal-whales-hold-25-billion-in-crypto-assets-chainalysis-report","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/criminal-whales-hold-25-billion-in-crypto-assets-chainalysis-report\/","title":{"rendered":"Criminal Whales Hold $25 Billion In Crypto Assets: Chainalysis Report"},"content":{"rendered":"
Chainalysis recently published a study on criminal enterprises, specifically the so-called criminal whales, that retain vast sums of money in the form of cryptocurrencies.<\/p>\n
The study claimed that criminal whales still hold $25 billion in crypto assets despite substantial law enforcement seizures last year.<\/p>\n
Cryptocurrency had a solid year in 2021, reaching a value of over $3 trillion in November, while bitcoin, which accounts for around a third of all cryptocurrency, also achieved a high until plummeting by more than 40% last week.<\/p>\n
Criminals who stole bitcoin were among the biggest winners from rising prices, as the number of cryptocurrencies linked to illegal operations more than quadrupled since last year.<\/p>\n
The Dark Web comes in second, providing $448 million in illegal cryptocurrency. Scams rank third with $192 million, Fraud Shops in fourth with $66 million, and Ransomware is at last row with $30 million.<\/p>\n
According to the report, last year saw “a huge increase in criminal balances,” with criminal whales holding around $11 billion in 2021 compared to $3 billion in 2020.<\/p>\n
Furthermore, the funds represent the lion’s share of crypto held by unscrupulous entities out of stolen funds, Ransomware, fraud and illegal trading.<\/p>\n
Throughout the years, stolen funds have accounted for 93% of all criminal balances, according to latest figures. Criminal whales have obtained more than 10% of their funds through illegal addresses. They account for 3.7% of cryptocurrency whales.<\/p>\n
Chainalysis is a popular blockchain surveillance company that publishes blockchain analytics research regularly.<\/p>\n
<\/p>\n
Total crypto market cap at $1.711 trillion in the daily chart | Source: TradingView.com<\/a><\/pre>\n