{"id":146871,"date":"2025-01-16T12:00:35","date_gmt":"2025-01-16T10:00:35","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146871"},"modified":"2025-01-16T00:40:42","modified_gmt":"2025-01-15T22:40:42","slug":"how-stablecoins-became-the-new-face-of-crypto-crime","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/how-stablecoins-became-the-new-face-of-crypto-crime\/","title":{"rendered":"How Stablecoins Became the New Face of Crypto Crime"},"content":{"rendered":"

Their liquidity, ease of use, and ability to bypass traditional banking systems have made them attractive<\/a><\/strong> for illegal purposes, particularly in regions facing sanctions. Countries like Russia reportedly utilize stablecoins to navigate banking restrictions and facilitate international transactions, exploiting blockchain\u2019s pseudonymity to conceal fund origins.<\/p>\n

Illicit crypto transactions reached $40.9 billion in 2024, with estimates suggesting this figure could climb to $51.3 billion as more activity is uncovered. Stolen funds rose 21% year-over-year to $2.2 billion, with DeFi platforms as the primary targets. North Korean hackers alone accounted for $1.34 billion in theft, showcasing the growing scale of cybercrime. Meanwhile, scams and frauds, including investment schemes and phishing attacks, continued to thrive, leveraging the vulnerabilities in the system.<\/p>\n

Crypto crime has evolved into a highly organized industry. Criminal groups now engage in \u201cpolycrime,\u201d combining activities like money laundering, drug trafficking, and cyberattacks under a single operation. Facilitators provide critical services, including laundering platforms and hacking tools, enabling these groups to operate at scale. Platforms like Huione Guarantee, which has processed over $70 billion in transactions since 2021, demonstrate how deeply embedded this ecosystem has become.<\/p>\n