Chainalysis:

Illicit crypto addresses received a record $154B in 2025, up 162% YoY, driven by sanctions evasion; Russia's A7A5 token transacted $93.3B+ in less than one year  —  In 2025, we tracked a notable rise in nation-state activity in crypto, marking the latest phase in the maturation of the illicit on-chain ecosystem.

Chainalysis:

Illicit crypto addresses received a record $154B in 2025, up 162% YoY, driven by sanctions evasion; Russia's A7A5 token transacted $93.3B+ in less than one year  —  In 2025, we tracked a notable rise in nation-state activity in crypto, marking the latest phase in the maturation of the illicit on-chain ecosystem.

Source: TechMeme
Source Link: http://www.techmeme.com/260108/p25#a260108p25