Mid-year Crypto Crime Update: Illicit Activity Falls With Rest of Market, With Some Notable Exceptions – Chainalysis

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2022 has been a tumultuous year for cryptocurrency markets, with significant price declines across all currencies in May and June. While there’s no telling if we’ve reached the bottom, as of now in early August, prices have been relatively stable for the last month, with Bitcoin holding between $20,000 and $24,000. But what effects has the market downturn had on illicit cryptocurrency activity?

Cryptocurrency transaction volumes this year for both illicit and legitimate entities are tracking be…

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