@lilithnancy
Signs of cryptocurrency market manipulation, including wash trading and money laundering, have increased in 2025. Chainalysis reports a steady rise in active wash trading addresses from Jan-Jun 2024, with $142M in suspected volume in Jan alone, and overall illicit crypto activity up 25% annually since 2020. Laundering hit $40B in 2024, with infrastructure growing 40% by 2023. Recent cases include OKX's $500M+ fine for AML failures and Gotbit's 8-month sentence for wash schemes. Regulators seized $25M+ in wash trading fraud, amid rising professionalization of illicit networks.
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