Recent reports have highlighted a significant surge in cybercriminal activities involving cryptocurrencies, with various crimes ranging from market manipulation, bank fraud, terrorism financing, sanctions evasion, human trafficking, to money laundering. Notably, 'Pig-butchering' crypto scammers have stolen approximately $75 billion from victims globally. Additionally, February witnessed over $104 million worth of crypto being stolen, marking a 42% decrease from January, yet the month still saw a total of $411.7M in losses due to smart contract hacks, rug pulls/scams, and key compromises. Chinese crime syndicates have been identified as major players in using cryptocurrencies to launder billions of dollars, including funds from drug supply to the U.S. and scamming American victims. The evolving nature of money laundering, now increasingly through cryptocurrencies rather than traditional methods, underscores the growing challenge in combating these digital asset crimes.