PANews reported on May 16th that Binance Research released a report stating that cryptocurrencies are not a safe haven for illicit finance. In 2025, approximately 11% of illicit cryptocurrency transactions were seized, about 55 times the recovery rate of fiat currency. This data comes from public reports by organizations such as Tether, Interpol, and the T3 Financial Crime Unit, and is not an estimate from a single organization. For reference, the United Nations Office on Drugs and Crime (UNODC) estimates that less than 1% of illicit fiat currency transactions are seized globally each year. Even excluding the Prince Group case (involving approximately $15 billion in Bitcoin), the remaining cryptocurrency seizures in 2025 are still about 10 times that of the traditional financial system. Furthermore, SlowMist and PeckShield tracked that the percentage of stolen funds recovered or frozen in 2025 is between 8.3% and 13.2%. This reflects rapid incident response and close coordination between exchanges, issuers, and law enforcement. The report concludes that cryptocurrency crime is not yet solved. However, the view that cryptocurrencies are particularly prone to illicit activities is gradually being misunderstood.