Crypto Criminals Traded Over $649 Billion in Stablecoins Last Year

Bitrace’s 2024 Crypto Crime Report shows that criminals moved $649 billion in stablecoins to high-risk addresses. Stablecoins’ total use in fraud and money laundering grew, but the legitimate sector grew even faster. The report also tracked a few other components, like gambling and darknet markets. It highlighted the growing enforcement actions against stablecoin money laundering, as Tether and Circle froze over $1 billion in assets last year source: https://beincrypto.com/crypto-crime-649-billion-stablecoin-transactions/