According to a report by The Defiant, blockchain forensics firm Chainalysis stated that Chinese-language networks accounted for approximately 20% of the $82 billion cryptocurrency money laundering activity in 2025. These networks primarily operated on Telegram and related "escrow" platforms. In 2025 alone, Chinese-language money laundering networks processed over $16 billion, equivalent to approximately $44 million per day, involving about 1,800 active wallets.
Chainalysis: Telegram-based Chinese networks account for 20% of cryptocurrency money laundering activities.
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