1、FEBRUARY 2024The 2024 CryptoCrime ReportThe latest trends in ransomware,scams,hacking,and more0Table of ContentsIntroduction2Ransomware10Money Laundering22Stolen Funds34Market Manipulation47CSAM56Sanctions69Terrorism Financing79Darknet Markets89Scams103IntroductionIntroduction2Illicit Activity Down

2、as Scamming andStolen Funds Fall,But Ransomwareand Darknet Markets See Growth2023 was a year of recovery for cryptocurrency,as the industry rebounded from the scandals,blowups,and price declines of 2022.With crypto assets rebounding and market activity growing over the course of2023,many believe tha

3、t crypto winter is ending,and a new growth phase may soon be upon us.But what did all of that mean for crypto crime?Lets look at the high-level trends.Total cryptocurrency value received by illicit addresses2018-20232023 saw a significant drop in value received by illicit cryptocurrency addresses,to

4、 a total of$24.2 billion.As always,we have to caveat by saying that these figures are lower bound estimates based on inflows tothe illicit addresses weve identified today.One year from now,these totals will almost certainly be higher,as we identify more illicit addresses and incorporate their histor

5、ic activity into our estimates.For instance,when we published our Crypto Crime Report last year,we estimated$20.6 billion worth of illicittransaction volume for 2022.One year later,our updated estimate for 2022 is$39.6 billion.Much of thatgrowth came from the identification of previously unknown,hig

6、hly active addresses hosted by sanctionedIntroduction3services,as well as our addition of transaction volume associated with services in sanctioned jurisdictionsto our illicit totals.Another key reason the new total is so much higher,besides the identification of new illicit addresses:Were now count