Chainalysis: Nearly 100 billion dollars have been transferred from known illegal wallets to exchange services since 2019
A report from Chainalysis indicates that money launderers use cryptocurrencies to conceal the source and flow of illicit funds, employing methods such as crypto mixers, cross-chain bridges, and wallet "conversions" to hide fund movements. Since 2019, nearly $100 billion has been transferred from known illegal wallets to conversion services, with a peak of $30 billion in 2022. Despite this, Chainalysis points out that due to the transparency of Blockchain technology, cryptocurrency laundering activities can still be traced and analyzed. As global acceptance of cryptocurrencies increases, it is expected that such laundering activities will become more prevalent.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Asia FX: Resilience at risk as US yields climb – MUFG
Carter Bankshares director Catharine L. Midkiff sells 1,000 shares worth $31,250
Hyperliquid’s biggest risk is regulation, says Ran Neuner
Boyd Group Up Over 7%, On Pace for Largest Percent Increase Since August 2025 -- Data Talk
Crypto prices
More
