Fraudsters stole $40.9bn in cryptocurrency in 2024

According to a report by analytics firm Chainalysis, losses from crypto fraud reached a record $40.9bn in 2024. Experts note significant changes in the tools chosen for illegal operations.

While bitcoin was the primary target of criminals in 2021, stablecoins accounted for more than 63% of all illegal transactions in 2024. Analysts attribute this shift to the popularity of stablecoins as a more stable instrument that simplifies the conversion of funds.

Specialists emphasise that the rise in fraud in the crypto sector reflects the need for stronger regulation and the development of new mechanisms to ensure the security of digital assets.