In 2023, crypto money laundering fell 29.5% YoY to $22.2B, 109 addresses each got $10M+ in illicit crypto, and five off-ramp services got 71.7% of illicit funds (Chainalysis)

Chainalysis:

In 2023, crypto money laundering fell 29.5% YoY to $22.2B, 109 addresses each got $10M+ in illicit crypto, and five off-ramp services got 71.7% of illicit funds  —  Coming soon  —  The goal of money laundering is to obscure the criminal origins of funds so that they can be accessed and spent.