In 2024, illicit cryptocurrency transactions reached an estimated $40 billion, according to Chainalysis. This marks a notable shift in criminal activity, with cybercriminals increasingly favoring stablecoins over Bitcoin. While Bitcoin was the primary choice for illicit trades in 2021, the trend has reversed, as stablecoins became the preferred medium for illegal transactions. Some estimates suggest that the total volume of crypto-related crime could exceed $51 billion, indicating a growing concern over the use of digital currencies in illicit activities.