๐Crypto money laundering is getting trickier, folks!๐ผ Cybercrooks are now using mixers, cross-chain bridges, and wallet "hops" to hide their tracks. Here's the scoop:
โข "Hops" are personal wallets used to shuffle funds around, making it harder to trace the cash. According to Chainalysis, over 80% of the total value moved in these schemes goes through these wallets.๐ต๏ธโโ๏ธ
โข The more hops, the higher the fees. But it seems like these bad guys are willing to pay up to avoid the law.๐ฎโโ๏ธ
โข A lot of the money being moved around is in stablecoins. They're popular because they're not as volatile as other cryptos. But beware, launderers - issuers can freeze these funds!โ๏ธ
โข Mixers are back in a big way, especially WasabiWallet, JoinMarket, and Tornado Cash. But Samourai's growth has taken a hit after the DOJ took action against its founders.๐
What do you think about this rising sophistication in crypto money laundering? Share your thoughts below!๐ #CryptoNews #DeFi #Layer2
