Annual Report

The 2026 Crypto Crime Report

The definitive annual analysis of cryptocurrency-based crime. Our most comprehensive edition yet, covering ransomware, darknet markets, scams, sanctions evasion, and the rise of AI-enabled fraud.

2026
Crypto Crime Report

Based on on-chain analysis of billions of transactions across hundreds of blockchains, the 2026 Crypto Crime Report reveals the full scope of illicit activity in the digital asset ecosystem.

$51.3B
Total illicit crypto volume in 2025

Down 14% from the prior year peak as law enforcement actions disrupted major threat actors.

$1.6B
Ransomware payments received

Despite a record number of incidents, actual payments declined as more victims refused to pay.

$14.1B
Scam revenues

Pig butchering and investment fraud remained the dominant threat category by volume.

$2.2B
DeFi exploits

Smart contract vulnerabilities and access control failures drove the majority of protocol losses.

01

The State of Crypto Crime in 2025

An overview of the overall illicit crypto landscape, key trends, and what changed from prior years.

02

Ransomware

Record attack volume but declining payments: how victim resistance and international cooperation reshaped the threat.

03

Scams and Social Engineering

Pig butchering, investment fraud, and the rise of AI-generated deepfake scams targeting high-net-worth individuals.

04

Darknet Markets

Fragmentation of the darknet after major takedowns, and the emergence of new decentralized drug markets.

05

Sanctions Evasion

How sanctioned entities adapted to blockchain analytics and the jurisdictions enabling state-sponsored evasion.

06

DeFi Hacks and Exploits

A deep dive into the most significant protocol exploits of 2025 and the security lessons for builders and auditors.

07

AI-Enabled Crypto Crime

The emerging intersection of large language models, deepfakes, and blockchain-based fraud at scale.

08

Policy and Regulatory Responses

How regulators around the world responded to the evolving threat landscape and what's coming in 2026.

Download the full report

Over 200 pages of data, analysis, and actionable insights for compliance teams, law enforcement, and security researchers.

  • 200+ pages of original research
  • Exclusive on-chain data
  • Country and sector breakdowns
  • Practitioner case studies
  • Policy recommendations

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