Bitrace Report: $502.1 Billion in Illegal Funds Detected in 2025

According to ChainCatcher, cryptocurrency risk data analytics firm Bitrace has released the "2026 Annual Crypto Crime Report," revealing that in 2025, blockchain addresses flagged as high-risk received $502.1 billion in illicit funds. Organized crime networks in Southeast Asia have been severely disrupted, with joint sanctions by the UK and US targeting the Cambodian Prince Group, resulting in the seizure or freezing of billions of dollars in crypto assets, forcing Huiwang Group to temporarily halt Huiwang Pay operations. The report states that high-risk addresses associated with online gambling received $145.3 billion in 2025, down from $217.8 billion in 2024, with predicted platform fund transfers or bets totaling $66.4 billion. High-risk addresses linked to money laundering received $69.8 billion, with USDT-related laundering amounting to $5.7 billion on Ethereum and $60.2 billion on Tron. High-risk addresses involved in black and gray market transactions received $186.9 billion, nearly all occurring on the Tron network, with Huiwang Pay collecting $52.4 billion in USDT in 2025. The number of frozen addresses in 2025 reached 4,059, exceeding the combined total of 3,199 from the previous four years, with 3,406 on Tron. Tether froze over $1.1 billion in USDT, while Circle froze over $230 million in USDC. From 2021 to 2025, the United States, Japan, the United Kingdom, Israel, and France collectively sanctioned at least 1,683 blockchain addresses.