Nearly 4% of the crypto whales are criminals as they possess over $25 billion worth of digital assets.
The blockchain data company – Chainalysis – claimed that criminal whales represent 3.7% of all cryptocurrency whales. Those bad actors collectively own over $25 billion worth of digital assets.Cryptocurrencies have many merits, and numerous experts maintain that they represent a financial revolution. However, bitcoin and the altcoins have their critics, too. These claim that drug traffickers, terrorists, and money-launderers employ such assets in their illicit activities.
It is worth noting that most whales received either a relatively small or substantial share of their total balance from illegal addresses. 1,374 got between 10% and 25% of their assets from illegitimate wallets, while 1,361 obtained between 90% and 100%. “Investigation of criminal whales represents a significant opportunity for government agencies around the world to continue their string of successful seizures and bring to justice the biggest beneficiaries of cryptocurrency-based crime,” Chainalysis concluded.disclosedBad actors transferred nearly 17% of those assets to Decentralized Finance applications, up from 2% in the year before.
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