Governments May Seize Billions in Illicit Cryptocurrency, Transforming into Strategic Reserves

A recent report by blockchain analytics firm Chainalysis suggests that over $75 billion in crypto linked to criminal activity is traceable and potentially recoverable. This data, first reported by Bloomberg, sheds light on the scope of digital currency circulating within criminal networks, including ransomware gangs, darknet markets, and fraud operations. Chainalysis proposes governments could repurpose seized crypto into strategic reserves, shifting from a purely reactive approach to a proactive one.