Analysts have studied the movement of capital from crypto wallets associated with criminal activity and over the past five years, fraudsters have laundered more than $100 billion in digital assets through various exchange services.

Analysts noted that the majority of all illegal transactions are carried out through stablecoins.

Funds were spent through CEX, DeFi projects, mixers, gambling resources and bridges.

The greatest growth in use was recorded by the WasabiWallet, JoinMarket and Tornado Cash projects.

More than half of illegal assets end up on centralized exchanges. Attackers turn to these platforms to launder funds because of their high liquidity, ease of converting cryptocurrencies into fiat, and integration with traditional financial services, explained Chainalysis.#binance