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According to a Chainalysis report, Tornado Cash saw a 108% surge in inflows in 2024, driven by a three-year high in stolen funds that accounted for over 24% of total inflows, underscoring its role in anonymizing transactions

Chainalysis report said that global compliance measures led to a notable decline in foreign crypto exchange interactions with Iranian services, reducing exposure by 23% between 2022 and 2024

A Chainalysis report found that Iranians turned to cryptocurrency as a means to preserve wealth, amid economic instability and restrictive controls, driving a 70% surge in exchange outflows reaching $4.2 billion in 2024

A Chainalysis report revealed that US-sanctioned jurisdictions accounted for 39% of illicit crypto transactions in 2024

Chainalyis report noted that cryptocurrency serves as a critical financial lifeline for citizens in sanctioned jurisdictions, offering an alternative financial system amid economic hardship and restrictive regimes

Chainalysis report states that in 2024, expanded US sanctions targeted the financial infrastructure of illicit activity, pushing sanctioned nations to increasingly rely on cryptocurrency to preserve wealth, sustain trade and bypass government controls

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