According to a report from the blockchain data platform Chainalysis, the total value of illicit crypto transactions in 2022 is $20.1 billion. The value is at an all-time high, and is slightly higher than the value in 2021 and is far more than the $8 billion recorded in 2020. The platform attributed the increase to the crypto sanctions launched by the US Office of Foreign Assets Control last year, which resulted in a surge in the number of sanction-related transactions.