Crypto Fraud Losses Fall, But Hacking Sees a 17% Jump in 2024
Despite a booming cryptocurrency market surpassing $10.6 trillion in transaction volume, illicit crypto activity saw a notable decline in 2024. Estimated at $45 billion, the volume of illicit transactions fell 24% year-over-year, accounting for just 0.4% of total crypto flows. These are the findings of TRM Labs’ latest report on crypto crime, which showed that…