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Bitcoin is Criminals’ ‘Favorite’, Claims Blockchain Forensic; Used in 95% of Crypto Crimes

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Bitcoin is the reigning champion of cryptocurrency criminals. That’s the conclusion of blockchain analysis firm Chainalysis, which discovered that bitcoin is used in 95% of crypto crimes. This finding isn’t surprising since bitcoin is by far the most popular and widely used of the 2,000 digital currencies around today. Levin: ‘bitcoin is by far the favorite’ of criminals “Bitcoin is by far the favorite,” Jonathan Levin, co-founder of Chainalysis, told Fortune. Interestingly, Levin says bitcoin is preferred over “privacy coins” such as Monero because it’s the most valuable and most-traded. Indeed, many of the recent drug busts involving fentanyl purchases

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* First published on ccn.com

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