Onchain crime activity surged past $150 billion throughout 2025, marking a significant escalation driven by sophisticated state-backed operations gaining traction across blockchain networks. The shift reflects a concerning trend: organized cyber actors and nation-state groups are increasingly leveraging cryptocurrency infrastructure for illicit purposes—ranging from money laundering to sanctions evasion. This expansion underscores growing vulnerabilities in the crypto ecosystem as bad actors become more coordinated and resourced. Market participants should recognize that elevated criminal activity introduces systemic risks alongside regulatory scrutiny, reshaping how institutions approach blockchain engagement and compliance frameworks moving forward.