2025 Sees Record Spike in Crypto Crime Driven by Russian Stablecoin

In 2025, illicit cryptocurrency transactions surged to $158 billion, heavily influenced by a ruble-pegged stablecoin linked to Russia.

In the year 2025, the world of cryptocurrency witnessed a staggering increase in criminal activities, with illicit transactions reaching an unprecedented $158 billion. This surge in crypto-related crime was significantly attributed to a specific stablecoin that is pegged to the Russian ruble, highlighting its influential role in the illicit market.

According to TRM Labs, the majority of this unlawful trading activity can be traced back to this ruble-backed stablecoin, emphasizing the critical connection between certain stablecoins and the expansion of crypto crime.