⚠️ In the past five years, about $100 billion worth of "dirty" cryptocurrency has been sent to exchanges
However, about a third of this volume is attributed by analysts to sanctioned crypto services.
The remaining volume is mainly associated with darknet markets, fraud, ransomware, and malware.
✔️ Stablecoins make up the majority of all "questionable" transfers relative to the crypto market as a whole.
Most "dirty" cryptocurrency ultimately ends up on the five largest crypto exchanges, but criminals also use DeFi applications, gambling sites, crypto mixers, and cross-chain bridges for money laundering.