The volume of cryptocurrency transfers by cybercriminals to "dangerous" addresses has reached $649 billion.

In 2024, the volume of transfers to high-risk addresses grew to $649 billion. This accounts for 5.14% of all operations with stablecoins. This is stated in the report by Bitrace analysts.

The largest share of transactions is accounted for by the Tether stablecoin on the TRON network, however, the share of USDT and USDC on Ethereum has also increased.

The volume of transactions in online gambling amounted to $217.8 billion, which is 17.5% more than in 2023. The share of USDC in gambling has increased to 13.36% compared to 5.22% a year earlier.

Bitrace has recorded a sharp increase in fraud: $52.5 billion in stablecoins has been sent to suspicious addresses — more than in all previous years.! [Snimok-ekrana-2025-04-29-170943] ( https://img.gateio.im/social/moments-883ece1f8c7216e5d8411e2deb5cbc06)

Wallets associated with money laundering received $86.3 billion, which is slightly less than in 2023. This is attributed to the tightening of countermeasures and checks on major centralized exchanges.

In 2024, issuers Tether and Circle collectively froze over $1.3 billion, which is double the figures of the last three years. The volume of all transactions to such addresses reached $12.9 billion.

The report specifically noted that the tightening of regulations in Hong Kong after Q3 2023 significantly reduced the influx of funds to suspicious addresses.

Despite the scale of the crimes, Bitrace analysts emphasized that the market is moving towards a new level of transparency, and the actions of regulators are already improving the situation.

It is worth noting that the total damage from 265 crypto hacks throughout 2024 and the first two months of 2025 exceeded $3.83 billion, reported specialists from Global Ledger.