Although Cropto gradually legalizes, its use of money laundering still exists – what are the trends?

Although the CEO of Bibite Ben Zhou, says 88% of stolen crypto, can still be monitored, a recent Bagat board is associated with unseen money laundering operations. Is the money laundering over the crypto on the rise? Let’s break it.

Blackrock’s Larry Fink is familiar with CRIPTO AN “Money laundering index” 2017. years. Five years later, Fink realized it should not reject Bitcoin, and Blackkrock hugged Bitcoin. Bitcoin Company Company company now over 570,000 bitcoinmore than any other company. Blackkrock started working with Bitcoin 2022. years. According to CharanianaliisThat year she saw a peak crystance assessment used for crime, especially for money laundering, in the amount of 54 and 31 billion dollars.

Where are the funds stolen than a bargain?

20. Marta, Ben Zhou from Bibita stated over his hp, that over 88% of funds were stolen during February rejection of hack, while 7.59% “went dark.” Other stolen funds are freeze.

In the post, Zhou cited a crippo mixer used to launder money and invited head hunters to help decoding mixer transactions in hopes of recovering stolen funds.

According to Zhou, the funds were sent to Vasabi, Tornadocash, Railgun and Cripto Mixer. Some transactions were then exchanged via Peer-to-Peer platforms. Earlier, Bitibit was accused of enabling criminals to use their platform for washing stolen funds. Representatives of the scale rejected these charges.

Elliptic called the Bitibit Hack the largest pnevers in history and connected the Lazarus Group operation, a hacking organization that allegedly sponsored North Korea. As reported, Crippto stolen Lazarus Group provided Piongjang 40% of funds necessary for her nuclear program.

Zhou called the decoding of mixer transactions “Challenge number one.” It is unclear what chances ultimately decode data on transactions. There are several methods for decoding of malicious transactions, but it is too early to predict whether any of them will help in case of Hack Babit.

The data of the data analysis, Arkham Analytics revealed that 20. Marta 12.9 BTC from the means stolen in BiBit Hack.

How much money is the washing over the crypto every year?

According to Europol, money laundering is the main criminal use for cryptocurrency. Europol report Frames that the preamanded pandemic period was a time when the disabilities of laundering money through the CRIPTO began to grow, as well as the number of cryptological transactions per se.

The data Gathered by a chanzanis shows that the volume of money laundering is almost doubled 2021. years compared to 2020. Or 2019. years. 2021. year, washing the wrying crypto reached $ 18.3 billion, in the amount of $ 9.9 billion to $ 11.1 billion in 2020. years, or 2019. Years.

However, in 2022. year, washing circumstance Cripto transferred to $ 31.5 billion, and in 2023 years in the amount of $ 22.2 billion, which is still much higher than 2021. Years. Chanalis stressed that in 2023. The total amount of crypto transactions fell by 15%. However, the Oprira cropto volume fell by about 30%. It is difficult to say whether there is a positive change as, According to LancializaThe overall criminal use of crypto was more or less stable at about $ 50 billion a year 2022. years, 2023. and 2024. years. More than that, Lanteraliz says that in recent years crypt criminal activity has become very diverse and professionalized.

In 2010. they saw an increasing number of mixers and bridges in transverse chains using crypto criminals. However, the law enforcement efforts are the reason for the relative drop of mixers in the use of mixers after the top 2022. years. The use of bridges in transverse chains grows. Only five off-ramps was responsible for approximately one third of all washing cryptological money between 2019 and 2023. Years.

Are the Cripto mixers, coins of focused privacy and similar responsible tools?

For years, the CRIPTO community has supported processors developers for creating services used to cover up the stolen cripto paths. Developers of cash and supry tornadops are examples. Just as the CRIPTO community was vocal in reference to the Ross Ulbricht forgiveness, they gather for Keonne Rodriguez and William Lonergan from the Self-Guide and Roman Storm Tornado Cash.

Supporters claim that the creating open source tools used both legitimate and criminal is not a crime in itself and cannot be considered participating in the criminal crime committed by the third party. Pioneering lawyer for crypto, Marta Belcher, to whom we are interviewed Earlier this month, the following said:

The fact that technology can be used for a criminal offense does not mean that something unreasonably mistakes that technology. Criminals also use cash to commit a crime, but we do not invite yourself as a result, just as we do not blame ford when one of its cars is used as a means of escape to the bank robbery robbery.

However, from 2025. Prosecutors generally seek to be responsible for developers to create tools of useful criminals. For example, the founders of a supreme, whose platform was used to launder money by silkface and hydrails, face Up to 25 years in prison. Sinking Ross Ulbricht can be viewed as a hint of paradigm condition, but it is too early to talk about real change.