Elliptic's latest report reveals a dramatic rise in cross-chain criminal activity, with criminals exploiting decentralized financial tools to launder illicit funds.
Elliptic's 2025 Cross-Chain Crime Report reveals that cross-chain crime has soared to over $21 billion, a threefold increase from $7 billion in 2023. The report highlights the use of decentralized exchanges and cross-chain bridges for laundering funds linked to scams and hacks. Notably, 33% of crypto crime investigations now involve activity across multiple blockchains, with North Korean-linked activity accounting for 12% of the total. The report also discusses high-profile incidents, including the Bybit hack and the use of sanctioned platforms for illicit transfers.