Sanctions Drive Illicit Crypto Activity to Record Highs in 2025
Ongoing sanctions in opposition to nation-states pushed illicit cryptocurrency exercise to unprecedented ranges in 2025, as blacklisted governments and entities more and more turned to blockchain networks to bypass monetary restrictions. Key Takeaways: Sanctioned state actors drove illicit crypto exercise to report ranges in 2025. Stablecoins dominated illicit flows, accounting for many on-chain quantity. Illicit…
