WuBlockchain
Binance Research's latest compliance report finds that illicit crypto transactions account for less than 1% of total on-chain volume — but the absolute dollar figure tells a different story. As of 2025, more than $75 billion in illicit funds remain on-chain, a roughly 28% increase from 2024 levels.
The report highlights a structural bottleneck in the laundering pipeline: major mixers have limited daily processing capacity, meaning that moving even $1 billion in stolen funds could take upward of 100 days. That friction is a meaningful deterrent, even if it doesn't eliminate the problem.
Over 80% of illicit on-chain funds have already been moved to downstream addresses, but blockchain's permanent ledger means those flows remain continuously traceable — a dynamic that distinguishes crypto from traditional financial crime, where paper trails often go cold.
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