According to Chainalysis' March 5th webinar, over $1 trillion worth of cryptocurrency transactions took place in 2022 with just 1.1% of them beingness illicit.

Source: Chainalysis

Diminishing of darknet markets

Overall, as crypto adoption keeps on growing and the number of utilize cases for cryptocurrency expands, illicit transactions on a pct footing, keep diminishing; implying that the manufacture today is much healthier than in the early days when much of the volume was driven by darknet markets.

Industry-wide cooperation thwarts crypto hackers

Source: Chainalysis

As more cryptocurrency enters exchanges, they remain the most coveted targets for crypto hackers. However, the criminals' success rate has decreased. There was an inflection betoken after 2022 when the criminals got away with almost 1 billion dollars worth of cryptocurrency. These numbers have been dwindling always since.

Source: Chainalysis

Not merely the exchanges have implemented more sophisticated cybersecurity measures, but the industry-wide cooperation and coordination with the diverse police force-enforcement agencies helps secure the entire ecosystem. According to Chainalysis, this wide cooperation has helped client DragonEx recover some stolen funds.

Halving — newly-mined coins go straight to exchanges

Source: Chainalysis

The majority of freshly mined coins are going straight to exchanges. This fact is peculiarly pregnant considering we are only 70 days away from the halving. This implies that afterward the halving, even if the miners decide to transport all of their newly mined coins to the exchanges, this volition not make up the shortfall from decreased mining reward.

Now, the ball is in the hackers' court - they can either evolve or perish.