Giao dịch bất hợp pháp trên chuỗi vượt 154 tỷ USD: Stablecoin trở thành công cụ chính, kỷ lục dự kiến sẽ phá vỡ vào năm 2025

【Blockchain News】On-chain data tracking firm Chainalysis released a latest research report that sent some serious signals to the market. With 2025 just getting started, the scale of illegal cryptocurrency transactions has already surged to $154 billion, more than doubling compared to last year—a year-on-year growth of 162%. What’s the most striking change? Funds received by sanctioned entities skyrocketed 694%, indicating that crypto channels in cross-border payments are being utilized more broadly.

What’s even more noteworthy is that stablecoins are becoming the primary tool for illegal transactions. According to the data, stablecoins now account for 84% of all illegal transaction volume, becoming the absolute dominant force. The report also mentions that illegal organizations have now established mature on-chain infrastructure systems to help transnational criminal networks acquire goods and launder illegal proceeds, making the entire ecosystem increasingly professionalized.

Interestingly, even though this surge is primarily driven by the growth in funds to sanctioned entities, if that portion returns to normal historical levels, 2025’s illegal crypto transaction figures would still break records, because activity levels in most other crime categories are also rising. In other words, this isn’t just an anomaly in a single sector, but rather an overall expanding trend.