Odaily Planet Daily News Chainalysis report pointed out that traditional money launderers (criminals outside the cryptocurrency field) may also transfer their cash on the chain. Kim Grauer, head of research at Chainalysis, said that traditional money launderers began to use the encryption network to create a "large-scale money laundering infrastructure" to wash cash from the non-encrypted field. These transfers do not originate from addresses related to crypto fraud, theft and ransomware attacks marked by Chainalysis on the chain. In contrast, such transactions are more opaque and come from wallets that are not considered illegal. These funds flow into exchanges across blockchains according to strategies that traditional financial compliance departments may mark. For example: divided into integer parts slightly below the KYC reporting threshold, and then reassembled. Grauer added that most on-chain investigators are well aware that this situation has been a potential trouble spot for many years. However, she said that the July report was Chainalysis's first attempt to record the scale of the trend of such activities on the entire chain. The company found that this number is even several orders of magnitude larger than the known base of illegal transactions. When analyzing all transfers sent to exchanges in 2024, it found an excess of transactions valued just below the $10,000 mark, which is the threshold at which KYC rules take effect. (CoinDesk)
