Illegal cryptocurrency trading volume will account for only 0.34% of all cryptocurrency trading volume in 2023

According to a report by Chainalysis, the vast majority of cryptocurrency transactions (about 99.6%) are used for legitimate purposes. In 2023, illegal cryptocurrency transactions accounted for only 0.34% of all cryptocurrency transactions, lower than 0.42% in 2022 and significantly lower than 1.3% in 2019. The report only focuses on funds stolen by cryptocurrency hackers and those identified as illegal addresses. Despite the decrease, it is worth emphasizing that compared to illegal activities in the broader financial industry, cryptocurrency-related crimes are still small.