Binance Research: By 2025, about 11% of illegal cryptocurrency transactions will be seized, with a seizure rate 55 times that of fiat currency

Binance Research released a report stating that cryptocurrencies are not a haven for illegal finance. In 2025, approximately 11% of illegal cryptocurrency transaction volume was seized, which is about 55 times the recovery rate of fiat currency. This data comes from public reports by organizations such as Tether, Interpol, and T3 Financial Crime Unit, rather than estimates from a single entity.

For reference, the United Nations Office on Drugs and Crime (UNODC) estimates that less than 1% of illegal fiat currency transaction volume is seized globally each year. Even excluding the Prince Group case (involving approximately $15 billion in Bitcoin), the remaining cryptocurrency seizures in 2025 are still about 10 times that of the traditional financial system. Additionally, SlowMist and PeckShield tracked that the proportion of stolen funds recovered or frozen in 2025 was between 8.3% and 13.2%. This reflects the rapid event response and close coordination among exchanges, issuers, and law enforcement agencies.

The report concludes that cryptocurrency crime has not been resolved. However, the view that cryptocurrencies are particularly prone to fostering illegal activities is gradually being misunderstood.