2023 Crypto Crime Mid-year Update: Crime Down 65% Overall

July 12, 2023

Inflows to illicit addresses are down in nearly every category, but no form of crypto crime has suffered more than scams. Check out the chart below, which shows total daily crypto scam revenue and revenue for the ten largest crypto entities identified as scams by Chainalysis. When we published our annual Crypto Crime Report in February, we were pleased to report that 2022 ransomware revenue had plummeted significantly compared to 2021. 2023 is off to a good startWith the exception of ransomware, Chainalysis data shows that crypto crime as a whole is in sharp decline in 2023. We’ll continue to monitor these trends, share updates as possible, and look forward to sharing our year end findings in our next Crypto Crime Report.