Binance Research stated that illicit crypto transactions account for less than 1% of total on-chain transaction volume. As of 2025, over $75 billion in illicit funds are expected to remain on-chain, marking an approximate 28% increase compared to 2024. The report highlights that with the strengthening of KYT (Know Your Transaction), KYC checks, stablecoin freezes, and enhanced on-chain tracking capabilities by law enforcement, it’s becoming increasingly difficult for illicit funds to complete laundering and exit the system. Binance Research also pointed out that mainstream mixers have limited daily processing capacity, meaning even if $1 billion is stolen, it could take over 100 days to attempt obfuscation. Additionally, more than 80% of illicit on-chain funds have already been moved to downstream addresses, but blockchain ledgers can still continuously track fund flows. https://(wublock123.com)/news/binance-research-on-chain-illicit-flows-75b-wash-risk-rises-61107