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Chainalysis reported that illicit crypto transactions surpassed $51 billion in 2024, driven by AI-driven fraud, stablecoin laundering, and cybercrime networks. Criminals are now favoring stablecoins over Bitcoin due to faster transactions and minimal price fluctuations. The report also highlighted a rise in cyber extortion tactics and market manipulation schemes. Regulatory scrutiny is expected to increase as criminals adapt to enforcement measures.
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