Chainalysis: Less than 1% of on-chain funds linked to illegal activity
Eric Jardines, head of research at blockchain analytics firm Chainalysis, said that while crypto crime is significant in dollar terms, it is still relatively small: less than 1% of on-chain value is linked to illegal activity, and fraudulent methods such as “piggybacking” are the dominant means by which crypto crime is currently committed. Fraudulent methods such as “piggybacking” are currently the mainstay of crypto crime.
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