Chainalysis: Share of ‘illegal’ Bitcoins Is Shrinking

The number of bitcoins linked to illicit activity is decreasing. These data show data from Market Intel portal by Chainalysis.

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The graph below shows a gradual decline in the share of bitcoins linked to ransomware programs, darknet markets, sanctioned entities, and so on.

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Data: Chainalysis.

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A similar trend is even more pronounced in Ethereum. The share of Ethereum in illicit operations and suspicious activity is several times smaller than Bitcoin.

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Data: Chainalysis.

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Ethereum-related suspicious activity is mainly tied to scam projects.

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Data: Chainalysis.

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The corresponding Bitcoin metric largely originates on darknet markets.

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Data: Chainalysis.

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Earlier this summer, Chainalysis identified almost 900,000 ‘illegal’ bitcoins.

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