Intro
The rise of anonymous, borderless cryptocurrencies has changed the way that many people do
business. Many of these users pose security risks, as they are dealing in illicit transactions and
money laundering. In fact, global illicit cryptocurrency transactions totaled $20.6 billion in 2022.
1
Criminals and terrorists exploit crypto for diverse illegal purposes, such as drug trafficking, organized
crime activity, scams, and schemes (such as Ponzi schemes), cyber-attacks and ransomware,
trading of child abuse materials, terror funding, dark marketplace purchases, and more. Moreover,
many funds received as part of off-chain crimes are being laundered on the blockchain.
While bad actors are shifting to crypto to leverage the anonymity it provides, law enforcement
agencies are scrambling for a solution to identify illicit transactions, reveal the identities of
transaction makers, and bring suspects to justice.
In this white paper we will review the main methodologies used in crypto
investigations and what to look for in a blockchain analytics solution.
1https://www.coindesk.com/business/2023/02/27/crypto-crime-hit-all-time-high-of-206b-in-2022-chainalysis/
To find out how you can fight crypto-enabled crime and terror
we invite you to book a demo.