According to the research conducted by Elliptic, a total of $7 billion worth of crypto money was laundered through three main channels.
Analysis firm Elliptic, decentralized exchanges (DEX)which allows switching between blockchains cross-chain bridges and like coin swap, KYC-free via services since 2020 $7 billion worth of crypto money was laundered explained.
Elliptic, these cryptocurrencies “illegal or high risk” It evaluates as .
The company actually made a much more optimistic forecast in the report it shared last year. The value of cryptocurrencies laundered through these channels can only be By the end of 2023 Although it is predicted that it will reach 6.5 billion dollars, the number was decreased last July. already 7 billion dollars It was announced that he was released.
According to the statement, criminals carry out money laundering transactions. to hide It uses various, complex methods such as derivative trading and limit orders.
Elliptic is particularly responsible for these money laundering transactions. North Korea-backed Lazarus Group comes to the fore He emphasizes that:
Using cross-chain methods from 900 million dollars Lazarus Group, which launders a lot of money, is by far the name that launders the most illegal funds through cross-chain bridges.