יליסאַט ביטקאָין activity dropped sharply over the past decade and now accounts for under 1% of BTC usage. But legacy banks may be the biggest culprits when it comes to crime and money laundering.
Crypto analyst PlanB אַרייַנגעשיקט a chart on Twitter showing how crime-related use of Bitcoin fell between 2012 and 2020. “Less than 1% of Bitcoin usage is associated with ‘crime,’” said the pseudonymous Dutch investor, inventor of the לאַגער-צו-לויפן (S2F) מאָדעל.
The chart from the Chainalysis Crime באריכט קסנומקס shows that illicit activity involving Bitcoin peaked at about 7% in 2012. It fell sharply to 1% the following year after the shutdown of Ross Ulbricht’s Silk Road darknet marketplace (DNM).
ביטקאָין סקאַמז virtually ground to a halt in 2017 and 2018 following the closure of AlphaBay DNM. It picked up somewhat in 2019 to the current levels of under 1%. Thanks to the $2.25 billion PlusToken Ponzi scheme.
Source: https://beincrypto.com/bitcoin-crime-drops-historic-lows-time-legacy-banks-got-act-together/