Cross-Chain Crypto Crime Hits $21.8 Billion as Scams, Sanctions Evasion Surge: Elliptic
The post Cross-Chain Crypto Crime Hits $21.8 Billion as Scams, Sanctions Evasion Surge: Elliptic appeared on BitcoinEthereumNews.com. North Korea accounted for 12% of illicit activity in 2025, according to the blockchain analytics firm. Cross-chain criminal and high-risk crypto activity has surged past an estimated $21.8 billion as of May 2025, according to blockchain analytics firm Elliptic – up from Elliptic’s previous estimates of $7 billion in 2023 and $4 billion in 2022. According to Elliptic’s 2025 Cross-Chain Crime Report, approximately 33% of complex cross-chain investigations involve more than three blockchains, while 27% span five or more, and 20% span more than ten. One of the biggest groups responsible for this illicit activity is North Korea, which is linked to about 12% of the $21.8 billion total. Elliptic says North Korean hackers are using more advanced cross-chain methods to hide stolen crypto. “Sanctions evasion, especially North Korea-related crypto activity, continues to be one of the biggest risks when it comes to monitoring cross-chain activity,” the report explains. Cumulative Growth of Illicit Crosschain Activity These findings highlight that as blockchains and digital assets grow, criminals are increasingly turning to decentralized exchanges (DEXs), cross-chain bridges, and swap services to carry out hacks, scams, and launder illicit funds. “Criminal actors are exploiting the growing complexity of the crypto ecosystem – but they can be stopped,” said Dr. Arda Akartuna, Lead Crypto Threat Researcher at Elliptic, according to a press release viewed by The Defiant. Dr. Akartuna said that thanks to advanced cross-chain analytics, experts and authorities are now provided with “crucial visibility into illicit flows.” Beyond North Korea, Elliptic found approximately $300 million in illicit cryptocurrency linked to Iranian services under U.S. sanctions. Criminals in Russia, Iran, and North Korea are using anonymous swap services more often to turn crypto into privacy coins and hide where the money comes from. No type of crypto crime is exempt from cross-chain activity, Elliptic’s…
The post Cross-Chain Crypto Crime Hits $21.8 Billion as Scams, Sanctions Evasion Surge: Elliptic appeared on BitcoinEthereumNews.com.
North Korea accounted for 12% of illicit activity in 2025, according to the blockchain analytics firm. Cross-chain criminal and high-risk crypto activity has surged past an estimated $21.8 billion as of May 2025, according to blockchain analytics firm Elliptic – up from Elliptic’s previous estimates of $7 billion in 2023 and $4 billion in 2022. According to Elliptic’s 2025 Cross-Chain Crime Report, approximately 33% of complex cross-chain investigations involve more than three blockchains, while 27% span five or more, and 20% span more than ten. One of the biggest groups responsible for this illicit activity is North Korea, which is linked to about 12% of the $21.8 billion total. Elliptic says North Korean hackers are using more advanced cross-chain methods to hide stolen crypto. “Sanctions evasion, especially North Korea-related crypto activity, continues to be one of the biggest risks when it comes to monitoring cross-chain activity,” the report explains. Cumulative Growth of Illicit Crosschain Activity These findings highlight that as blockchains and digital assets grow, criminals are increasingly turning to decentralized exchanges (DEXs), cross-chain bridges, and swap services to carry out hacks, scams, and launder illicit funds. “Criminal actors are exploiting the growing complexity of the crypto ecosystem – but they can be stopped,” said Dr. Arda Akartuna, Lead Crypto Threat Researcher at Elliptic, according to a press release viewed by The Defiant. Dr. Akartuna said that thanks to advanced cross-chain analytics, experts and authorities are now provided with “crucial visibility into illicit flows.” Beyond North Korea, Elliptic found approximately $300 million in illicit cryptocurrency linked to Iranian services under U.S. sanctions. Criminals in Russia, Iran, and North Korea are using anonymous swap services more often to turn crypto into privacy coins and hide where the money comes from. No type of crypto crime is exempt from cross-chain activity, Elliptic’s…
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