The 2025 Crypto Crime Report
Contents
Now Live: The 2025 Crypto Crime Report
The landscape of crypto-related crime is continuously evolving. And understanding the latest trends across the illicit crypto ecosystem is critical for law enforcement, regulators, and financial institutions in preventing and disrupting criminal activity.Â
Our latest report, out now â 2025 Crypto Crime Report â provides an in-depth analysis of illicit activity in the cryptocurrency ecosystem over the past year.
Key findings
1. Illicit crypto volume declined
In 2024, illicit crypto transaction volume fell to approximately USD 45 billion, marking a 24% decrease from 2023. However, TRM analysts expect this figure to be revised upward over time, as attribution and reporting continue to uncover additional illicit transactions.
2. Sanctioned entities remain the largest drivers of illicit volume
Sanctioned entities accounted for 33% of illicit crypto volume, with blocklisted addresses and scams and fraud following closely behind. This underscores the continued use of crypto to circumvent global financial restrictions, despite increased enforcement …
The landscape of crypto-related crime is continuously evolving. And understanding the latest trends across the illicit crypto ecosystem is critical for law enforcement, regulators, and financial institutions in preventing and disrupting criminal activity.Â
Our latest report, out now â 2025 Crypto Crime Report â provides an in-depth analysis of illicit activity in the cryptocurrency ecosystem over the past year.
Key findings
1. Illicit crypto volume declined
In 2024, illicit crypto transaction volume fell to approximately USD 45 billion, marking a 24% decrease from 2023. However, TRM analysts expect this figure to be revised upward over time, as attribution and reporting continue to uncover additional illicit transactions.
2. Sanctioned entities remain the largest drivers of illicit volume
Sanctioned entities accounted for 33% of illicit crypto volume, with blocklisted addresses and scams and fraud following closely behind. This underscores the continued use of crypto to circumvent global financial restrictions, despite increased enforcement …