Jan 19, 2024

In its latest report, on-chain analytics firm, Chainalysis says that the total dollar amount of cryptocurrencies received by illicit addresses was down in 2023.

Video transcript

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. According to chain analysis, 2023 saw a significant drop in value received by a listed Cryptocurrency addresses totaling $24.2 billion 0.34 percent of total unchain value. The majority of crypto received by listed addresses is marked by the green on this chart representing state entities. The second largest amount is attributed to scams. The on chain analytics firm says in the report that they should caveat by saying these figures are lower bound estimates based on inflows to illicit addresses. They've identified the number should become higher as they identify more illicit addresses and incorporate their historic activity. That's a wrap for the chart of the day. I'm Jen Sasi. We'll see you next time to unpack more of the data behind top news stories.

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