Illicit cryptocurrency activity surged to a record $154 billion in 2025, driven largely by a sharp increase in sanctions evasion by nation-states using blockchain networks, according to a new report from blockchain analytics firm Chainalysis.
The report finds that funds flowing to sanctioned entities jumped 694% year over year, making sanctions evasion the fastest-growing category of crypto crime.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
