According to a Chainalysis report, cryptocurrency crime reached $154 billion in 2025. The report indicates that state-backed actors scaling onchain contributed significantly to this figure. Key drivers of the increase include state-linked hacking, efforts to evade sanctions, and money laundering activities involving stablecoins. The development highlights the growing sophistication and scale of illicit activities within the cryptocurrency ecosystem and the challenges in combating them.

According to a Chainalysis report, cryptocurrency crime reached $154 billion in 2025. The report indicates that state-backed actors scaling onchain contributed significantly to this figure. Key drivers of the increase include state-linked hacking, efforts to evade sanctions, and money laundering activities involving stablecoins. The development highlights the growing sophistication and scale of illicit activities within the cryptocurrency ecosystem and the challenges in combating them.