The scammers convinced victims to transfer millions of dollars into these U.S. bank accounts, which were then used to launder the illicit funds.
Category: crypto money laundering
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Chainalysis Report: Crypto Value Sent From Illicit Addresses Dropped by Nearly $10 Billion in 2023
According to Chainalysis’ report on money laundering trends, the value of crypto transferred by illicit addresses in 2023 fell by nearly $10 billion from $31.5 billion to the latest $22 billion. The report attributes the drop to the overall decline in both legitimate and illicit crypto transaction volumes in 2023. An analysis of services used […]