$2.4B in Crypto Stolen This Year: FATF Demands Tougher Global Crypto Rules 

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On June 26, the Financial Action Task Force (FATF) launched up to date pointers that decision for stronger world motion to deal with unlawful finance dangers in digital property. The Paris-based watchdog known as on nations to make sure the worldwide implementation of anti-money laundering (AML) and counter terrorist financing (CFT) in digital property. 

FATF Report for Stricter Crypto Regulation 

FATF acknowledged that whereas some progress has been made since 2024 in regulating digital property, many jurisdictions nonetheless should fight dangers as crypto scams surge. As a part of its sixth focused replace, the company highlights the necessity for licensing and registration since many jurisdictions have reported challenges in mitigating the dangers of offshore digital asset service suppliers (VASPs). 

As 99 jurisdictions have both handed or are within the strategy of implementing journey guidelines, FATF launched a report on Travel Rule Supervision to make sure transparency round cross-border funds. 

“To assist global implementation of the Travel Rule, the FATF has also published Best Practices on Travel Rule Supervision today. This report provides examples of good practices that jurisdictions may consider when developing their supervisory frameworks,” FATF mentioned. 

• Also Read :
•   Crypto Hacks in H1 2025 Exceed $2.2B 
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What triggered it?

As of 2025, solely 40 out of 138 jurisdictions assessed have been largely compliant with FATF crypto requirements, as nations proceed to seek out problem in figuring out the entity behind crypto transactions. FATF states,

 “With virtual assets inherently borderless, regulatory failures in one jurisdiction can have global consequences.”

This FATF report is a response to the rising considerations about illicit danger within the monetary area associated to crypto. As the crypto hacks have surged in 2025, reaching over $2.47 billion, FATF seems to be laying the groundwork for security and transparency measures in crypto transactions. 

Crypto Thefts in 2025

As the crypto thefts have skyrocketed from 2024— 

• A North Korean legal gang stole $1.46 billion from VASP Bybit (in 2025), with out a lot restoration. 
• Another $51 billion was stolen in illicit on-chain exercise in 2024 

These thefts prompted the regulator to induce stricter regulations and motion for crypto transactions and norms for VASPs. 

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