On-Chain Illicit Activity Surges 162%: Sanctions Evasion and State-Led Crime Drive $154 Billion Peak
A new report from Chainalysis reveals that illicit cryptocurrency transactions reached an unprecedented $154 billion in 2025, marking a 162% increase from the previous year. This surge is primarily driven by sanctioned nations—specifically Russia, Iran, and North Korea—leveraging digital assets to bypass global financial restrictions and fund state-sponsored operations. Major Drivers of the Illicit Economy … Read more