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Good News: Cryptocurrency-Enabled Crime Took a Dive in 2020


Source: Chainalysis
Ransomware now dominates the cybercrime landscape, and one measure of its continuing success has been the surge in funds flowing to criminal-controlled cryptocurrency wallets.
Even so, here s some good news on the cybercrime front: Cryptocurrency-related crime fell significantly in 2020, reports blockchain analysis firm Chainalysis.
That s despite the value of bitcoin surging past $28,000 by the end of 2020, ahead of hitting a record high above $40,000 in early January.
In 2019, criminal activity represented 2.1% of all cryptocurrency transaction volume, or roughly $21.4 billion worth of transfers, Chainalysis reports. In 2020, the criminal share of all cryptocurrency activity fell to just 0.34%, or $10 billion in transaction volume. ....

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