• UK law enforcement has reportedly seized $435 million worth of crypto in criminal investigations in the last 5 years

    16 days ago - By Business Insider

    Electronic components on PCB textured chain parts. Blockchain and crypto currency concept. Getty Images stock photo Getty Images stock photo
    The New Scientist found UK law enforcement seized $435 million in crypto in the last five years.
    The London Metropolitan Police discovered most of the illicit bitcoin, the report found.
    Cryptocurrencies have become an increasingly popular medium to commit financial crimes.
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    UK law enforcement has seized nearly half a billion dollars worth of bitcoin in the last five years...
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  • The stunning growth of cryptocurrency markets in 2021 also came with an 80% rise in crypto crimes, new analysis shows

    16 days ago - By Business Insider

    Filip Radwanski/SOPA Images/LightRocket via Getty Images
    Illicit crypto addresses received $14 billion last year, up nearly 80% from $7.8 billion in 2020, a new study from Chainalysis shows.
    But total crypto transaction volume also ballooned 550% to $15.8 trillion last year.
    "The amount of legitimate activity grew much faster than the amount of criminal activity," Kim Grauer of Chainalysis told Insider.
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    The cryptocurrency market saw stunning growth in 2021 as coins from bitcoin to dogecoin hit record highs. But along...
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