Chainalysis: Since January, on-chain illegal cryptocurrency activities have decreased by nearly 20%

ChainCatcher message, according to The Block, the latest report from blockchain analysis company Chainalysis shows that illegal cryptocurrency activities have decreased since the beginning of this year, while the inflow of funds into legitimate services has reached its highest level since the last bull market in 2021. So far this year, the total amount of illegal activities has decreased by 19.6%, from $20.9 billion to $16.7 billion.

The report points out that, in addition to the reduction in illegal activities, the inflow of funds into legitimate services has also reached its highest level since the peak of the last cryptocurrency bull market in 2021. This indicates that cryptocurrency is being continuously adopted globally.