Cybercriminals are becoming increasingly sophisticated in laundering money via blockchain, utilizing mixers, cross-chain bridges, and hopping between intermediary wallets. Chainalysis' latest report shows that intermediary wallets are critical in on-chain money laundering, often handling more than 80% of the total value moving through these channels. 🕵️‍♂️

Stablecoins are also increasingly popular as a money laundering tool, although the risks are high as issuers can freeze these funds.

Meanwhile, WasabiWallet, JoinMarket, and Tornado Cash are mixing services that are growing rapidly, although Tornado Cash experienced a decline in usage after sanctions in 2022.

What do you think about this development? Do you feel safe with your crypto transactions? Come on, discuss it in the comments column!#Blockchain#Crypto #MoneyLaundering