Crypto risk data analytics firm Bitrace said in its 2026 Crypto Crime Report that blockchain addresses flagged as high risk received $502.1 billion in illicit funds across the network in 2025.
Organized crime networks in Southeast Asia
The report said organized crime networks in Southeast Asia were hit hard. The UK and the US jointly sanctioned Cambodia-based Prince Group, confiscating or freezing crypto assets worth tens of billions of dollars, while Huione Group was forced to temporarily suspend Huione Pay operations.
Gambling, laundering and underground transactions
According to the report, high-risk gambling-related addresses received $145.3 billion in 2025, down from $217.8 billion in 2024. Transfers to or bets on prediction platforms reached $66.4 billion.
High-risk money-laundering addresses received a combined $69.8 billion. Of that total, USDT-related laundering accounted for $5.7 billion on Ethereum and $60.2 billion on Tron.
High-risk addresses involved in underground and gray-market transactions received $186.9 billion, with almost all of that activity taking place on Tron. Huione Pay received 52.4 billion USDT during the year.
Frozen addresses and sanctions
Bitrace said 4,059 addresses were frozen in 2025, exceeding the combined total of 3,199 over the previous four years. Among them, 3,406 were on Tron.
Tether froze more than 1.1 billion USDT, while Circle froze more than 23 million USDC.
From 2021 to 2025, the United States, Japan, the United Kingdom, Israel and France imposed sanctions on at least 1,683 blockchain addresses.