Illicit crypto flows surged by 162% to $154 billion in 2025 as sanctioned countries used blockchain networks to bypass global financial restrictions. 🚀💸
By 2025, at least 154 billion illicit cryptocurrency addresses had been received, 162 percent higher than in 2024, which was 59 billion. Chainalysis published the results on Thursday. 📊
Blockchain networks became increasingly used by sanctioned nation-states and organizations that avoid financial limitations at unprecedented rates. These entities transfers of funds on-chain helped catalyze the surge to a great extent. 🧙♂️💰
Nation-States Turn Blockchain Into Financial Battleground
Chainalysis described 2025 as a turning point, referring to record volumes associated with the on-chain activity of nation-states. It is the most recent stage of the development of the illegal crypto ecosystem. 🌍💥
Russia contributed significantly to the growth. After facing widespread international sanctions following its invasion of Ukraine, Russia introduced a ruble-backed token currency called A7A5 in February 2025. 🇷🇺🪙
The token executed over $93.3 billion transactions within 12 months, which is scale and coordination that the prior years had not experienced. 📈🌀
In May, the Global Sanctions Inflation Index announced a record high. Authorities worldwide sanctioned approximately 80,000 individuals and organizations. 🧩🚫
In 2024, the United States added a record 3,135 entities to its Specially Designated Nationals List. 📋👮♂️
Studies conducted by the Center for a New American Security revealed that the increase in sanctions across the globe increased pressure on sanctioned entities. 🧠📉
You might also like: Dollar Weakens as Gold and Bitcoin Gain Ground in Global Reserves 🏦⚡
Stablecoins Dominate Criminal Transaction Landscape
In 2025, stablecoins represented 84 percent of the total volume of illicit transactions. Chainalysis attributed their commonality to stable prices, cross-border transfer, and poor liquidity density. The very characteristics of legitimate use that were attractive to legitimate users were also appealing to sanctioned users. 🏦🕵️♀️
Crimes on the crypto economy are a negligible part of a bigger picture; illegal transactions continue to constitute under 1 % of all on-chain transactions. 🧩🔍
In December, blockchain security company PeckShield reported 26 big exploits. Address-poisoning scams and private-key leaks caused major losses, including a $50 million loss after a victim copied a counterfeit address that closely resembled the intended destination. 🕵️♂️💸
Another attack involved a leaked private key linked to a multisignature wallet, resulting in an estimated loss of $27.3 million. 🔐💣
Ronald Spektor, a Brooklyn resident, is charged with stealing 16 million. He is alleged to have impersonated company employees to attack about 100 Coinbase users. The allegations are outlined in legal filings. 🧑⚖️💻
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2026-01-09 20:40