“We may not be the only targets of crypto criminals! According to Chainalysis, traditional money laundering criminals may also be moving their money on the blockchain. 😱

Traditional money laundering criminals are creating a “large-scale money laundering infrastructure” using crypto networks. This isn't due to the crypto scams, thefts, and ransomware attacks that Chainalysis has flagged on the blockchain. Instead, these transactions are coming from known non-criminal wallets, following strategies that traditional financial compliance departments would likely flag.

When analyzing all transfers sent to exchanges in 2024, Chainalysis found a number of transactions valued just below the $10,000 threshold.

However, it is certainly not illegal just because a crypto transaction is sent to the exchange for, say, $1 below the $10,000 threshold. However, banks and money services businesses in the traditional financial sector have long used such insights to track criminal activity.

“This is trying to further the conversation about how to evolve the way we think about crypto,” Grauer said.

So what do you think? Leave your comments below and join the discussion!#DeFi#Web3"