Chainalysis: The Chinese network based on Telegram accounts for 20% of cryptocurrency money laundering activities

According to a report by TheDefiant, blockchain forensics company Chainalysis has released a report stating that Chinese networks account for about 20% of the total $82 billion in cryptocurrency laundering activities in 2025, primarily operating on Telegram and related "guarantee" platforms. In 2025 alone, Chinese laundering networks processed over $16 billion in funds, equivalent to about $44 million per day, involving approximately 1,800 active wallets.