In some cases, the reason for the deterioration of the dollar stability of stablecoins may be due to money laundering operations.
Blockchain research company bitracepresented a remarkable report in the context of stablecoins and money laundering. The report states that criminals who launder money will generally have to Tether (USDT) that they prefer stablecoins such as TRON (TRX) It was stated that they were directed to the network.
In the report, individuals who want to launder money use USDT. high And manipulative volumes by creating in exchange for fiat currencies depeg It was stated that he made it happen. For example, under normal circumstances, these actors 7 units must be Chinese Yuan/USDT price by making a large purchase on the trading pair. increased to 9-10 Yuan and then another receiving address involved in money laundering sold at these prices specified. The exchange rate difference was also used as an opportunity to launder money. emphasized.
Bitrace specifically handles these transactions. Anti-Money Laundering/Know Your Customer (AML/KYC) He noted that it was carried out through stock exchanges that lacked precautions.
Research shirk, for example, recently Tether And OKX He examined a wallet frozen by. As a result of the follow-ups, the wallet in question was found to be in addition to OKX. FTX And Binance He also transferred money to well-known cryptocurrency exchanges such as online gambling platformsIt was understood that he used it to launder money.
Bitrace has also been identified as being at risk of money laundering on the TRON network and fund scale Some addresses exceeding 1 million USDT Conducted a fund audit for. Audit period From September 2021 to March 2023 Focused on USDT inflows. The data shows the total number of addresses at risk of money laundering on the Tron network from September 2021 to March 2023. 64.25 billion USDT It revealed that it hosts cryptocurrency inflows.