Cryptocurrency’s Growing Role in Cybercrime
Cryptocurrency is becoming a mainstay for cybercriminals as it gains wider acceptance globally. These criminals frequently conduct their illegal activities off the public blockchain but use the blockchain to move or “launder” money, according to the ‘2025 Crypto Crime Report’ by Chainanalysis, a blockchain data platform.
India experienced its largest crypto theft last year, with currencies worth $230 million stolen from wallets associated with the WazirX exchange, according to news reports.
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