Binance Research: Approximately 11% of illicit cryptocurrency transactions were detected in 2025, a detection rate 55 times higher than that of fiat currency transactions.

CoinFeed reported on May 16th that Binance Research released a report stating that cryptocurrencies are not a safe haven for illicit finance. In 2025, approximately 11% of illicit cryptocurrency transactions were seized, about 55 times the rate of fiat currency seizures. This data comes from public reports by organizations such as Tether, Interpol, and the T3 Financial Crime Unit, and is not an estimate from a single organization. For reference, the United Nations Office on Drugs and Crime (UNODC) estimates that less than 1% of illicit fiat currency transactions are seized globally each year. Even excluding the Prince Group case (involving approximately $15 billion in Bitcoin), the remaining cryptocurrency seizures in 2025 would still be about 10 times that of the traditional financial system.