Chainalysis stated $22.2 billion was laundered by way of crypto in 2023, down from $31.5 billion the yr earlier than. The drop was steeper than the lower in transaction volumes, suggesting that elements past simply the overall market downturn could have contributed to the discount in illicit exercise. The figures recommend that solely about 1% of all cash laundering is carried out with crypto. The worth of all illicit funds laundered is about $2 trillion a yr, Deloitte wrote in a June 2023 report.
