Crypto Crime in 2023: Illicit Activity Drops, Cybercriminals Target Stablecoins

Scamming and stolen funds decrease; ransomware and darknet markets see revenue increases. • Stablecoins surpass Bitcoin as the preferred currency for illicit transactions due to stability and ease of use. • Chainalysis reports a 39% drop in total crypto value sent to illicit addresses from $39.6B…

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