Cryptocurrency Value Sent From Illegal Addresses Decreased by Almost $10 Billion in 2023, According to Chainalysis Report

While Tether and USD Coin Manage to See Gains, Bitcoin and Ether Join the Most Altcoins in Clocking Losses.

A research on money laundering trends by Chainalysis states that in 2023, the value of cryptocurrency transmitted by unlawful addresses dropped from $31.5 billion to a minimum of $22 billion, a decrease of nearly $10 billion. The reduction is attributed by the research to the general decline in the numbers of cryptocurrency transactions, both legal … Read more