Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs

According to new research, fewer cybercriminals are turning to Bitcoin as their primary method of moving illicit funds, with bad actors opting to go back to fiat channels or choosing other cryptocurrencies.

Digital asset compliance and risk management firm TRM Labs revealed that illicit finance volumes involving Bitcoin (

Earlier this year, Cointelegraph reported that 2022 set a new record for illicit crypto transactions. The total cryptocurrency value received by illicit addresses topped $20 billion last year, according to analytics firm Chainalysis.

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