Analysts at the startup Chainalysis came to the conclusion that last year there was$ 1 trillion worth transferred. However, only 1.1% of these transactions were related to illegal activities, reports Cointelegraph.
The diagram below illustrates the growth dynamics of the number of cryptocurrency wallet users (in millions). The indicator is steadily increasing, which may indicate the growing popularity of digital assets.
Data: Chainanalysis
Experts note a gradual decrease in the numbercases of using cryptocurrencies in illegal activities. According to them, now the industry looks much healthier than in the first years of its existence, when significant activity took place in the darknet markets.
At the dawn of the crypto industry, the main activity took place on the darknet. Now the vast majority of users of digital currencies prefer to interact with legal trading platforms.
Such a "recovery" has a downsidemedals - centralized exchanges often serve as a target for hackers seeking to steal multi-million dollar amounts. However, Chainanalysis notes that over the past few years, trading platforms have become more focused on security issues and the number of successful attacks has declined.
In 2019, the largest number of hacker attacks on exchanges was recorded. However, the total amount of stolen funds compared with 2018 decreased significantly.
Earlier, ForkLog reported that the analyzer tools from Chainanalysis were used by the largest issuer of stablecoins Tether and the popular crypto exchange Bitfinex.
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