A new report from Chainalysis has revealed an astonishing finding: digital wallets believed to be linked to criminal activity have transferred close to $100 billion in illicit Funds through the cryptocurrency market since 2019. This concerning pattern has witnessed substantial amounts directed into stablecoins and centralized exchanges (CEXs). This article will delve into details.
Crypto Criminals’ New Favorite Tools: Stablecoins and CEXs
The report highlights a concerning pattern in which criminals are using stablecoins more and more for illegal activities. Stablecoins are created to keep a consistent value tied to fiat currencies, such as the US dollar. They currently make up most of the illegal transaction volume in the cryptocurrency industry.
In addition, over half of these suspicious funds ultimately land on leading CEXs like Binance and Coinbase.
Source: Chinalysis
Chainalysis observed the growing complexity of these illegal methods. Criminals are always changing, trying out n
We współpracy z: https://coingape.com/blog/how-illicit-funds-are-exploiting-stablecoins-and-centralized-exchanges/
