$75B in Crypto May Be Recoverable

As the United States and other countries weigh the prospect of building national cryptocurrency reserves, new research from Chainalysis suggests governments may already be within reach of tens of billions of dollars in potentially recoverable onchain assets — a development that could intersect with those reserve discussions.

In a report published Thursday, Chainalysis estimated that crypto balances linked to illicit activity exceed $75 billion. That total includes roughly $15 billion held directly by illicit entities and more than $60 billion in…