Illicit Coins
Funds linked by evidence to theft, fraud or other unlawful activity; the label does not establish a holder's involvement.
What does it mean?
Severe category group
Funds linked by evidence to theft, fraud or other unlawful activity; the label does not establish a holder's involvement.
The 14 categories in the AML4Tracker risk methodology, explained with documented examples. The groups below describe that taxonomy; they are not universal legal classifications or the numerical bands of a live report. Availability depends on the report and data provider.
How is this concept used?
This category concerns funds associated by evidence with theft, fraud or another unlawful act. Transaction tracing and the identification of the underlying offence are separate parts of the analysis.
Documented examples
Documented example
Bybit theft: FBI alert (2025)
The FBI's 26 February 2025 alert attributed the theft of virtual assets from Bybit on 21 February to North Korean TraderTraitor actors. It concerns stolen assets and their tracing, not a finding that Bybit's customers committed crimes.
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Documented example
Bitfinex theft: sentencing notice (2024)
On 14 November 2024, the U.S. DOJ reported Ilya Lichtenstein's prison sentence for a money laundering conspiracy involving bitcoin stolen from Bitfinex in 2016. Bitfinex was the theft victim; the case does not establish criminality by all its customers.
Source publication: · Source checked:
Connection to a wallet report
Read the documented incident, transaction identifiers, direction and date. Distinguish a direct receipt from an indirect path and do not infer the recipient’s knowledge from a label alone.
A common misconception
A token is not permanently a different technical asset because a report labels it illicit; the label describes an evidenced association.
Related reading
Put the explanation in context
When you need a wallet report, open the application and follow its normal account and scan process.
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