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20 Jan 2024

Crypto Crime Declines as Market Cools in 2023

The year 2023 saw a significant drop in 'get rich quickly' crypto crimes, with Chainalysis reporting [$24.2 billion](https://www.axios.com/2024/01/18/2023-crypto-crime-drops-market) in illegal activity, just 0.34% of total transaction volume. Notably, while this figure is subject to increase as more data emerges, the overall trend indicates a decline in both the total volume and the proportion of illicit transactions on the blockchain.