🔔Crypto money laundering is getting trickier, folks!💼 Cybercrooks are now using mixers, cross-chain bridges, and wallet "hops" to hide their tracks. Here's the scoop:
• "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.🕵️♂️
• The more hops, the higher the fees. But it seems like these bad guys are willing to pay up to avoid the law.👮♀️
• 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!❄️
• 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.📉
What do you think about this rising sophistication in crypto money laundering? Share your thoughts below!👇 #CryptoNews #DeFi #Layer2