TechFlow news, April 29 — Bitrace Tech recently released its 2025 Crypto Crime Report, noting that while the cryptocurrency industry reached record highs in market capitalization and infrastructure adoption in 2024, criminal activities also increased. The report shows that stablecoin inflows to high-risk addresses reached approximately $649 billion, accounting for 5.14% of total transaction volume, a 0.80% decrease from 2023.
The report reveals online gambling platform transactions grew by 17.5% to $217.8 billion, black market stablecoin inflows exceeded $278.1 billion, and fraud-related activities surged to $52.5 billion, reaching an all-time high. Meanwhile, money laundering activities slightly declined, indicating regulatory measures are beginning to take effect.
Notably, Tether and Circle froze over $1.3 billion worth of stablecoins in 2024—twice the total amount frozen in the previous three years combined. The report specifically highlights Hong Kong for successfully reducing the proportion of high-risk funds through a clear legal framework and strict regulation.
