Illegal markets presently have 585k BTC in their possession, scams have 99k BTC, stolen funds constitute another 205k BTC, while the others hold a further additional 3k BTC – a grand total of 892,000 Bitcoin’s. Consistent with Chainalysis, solely 0.32% of all present Bitcoin flows are tainted by illicit activity.
Crypto Exchanges Even More Strict’s Towards Cashing Out
Regardless of origin, the top destinations for illicit Bitcoin are cryptocurrency exchanges. This coincides with the observed behavior of Twitter’s recent hackers, who were quick to maneuver their newly acquired assets to the exchanges.
Roughly around 300k Bitcoin are presently held by scammers and thieves. In recent years, cryptocurrency exchanges have begun to introduce their KYC [Know Your Customer] and AML [Anti-Money Laundering] procedures even more seriously. These policies make it harder for criminals to dump their ill-gotten loot, that also bodes well for the market as massive selloffs by the criminals might also lead to a collapse in prices.