The new analytical report of CHAINALYSIS suggests that 55% of all waste money with cryptocurrency pass throughout 270 addresses. Russia and the USA remain in antitering.
Stock Exchange - the main tool for money laundering
Historically, the main array of illegally received money passed through large centralized and decentralized stock exchanges. With the adoption of the Fifth EU Directive, which actually ordered trading platforms to implement the KYC procedure for its customers, the volumes of washing funds in centralized sites decreased slightly. However, in 2020 he had a new growth. Most likely now money is washed through decentralized stock exchanges, which retain the complete anonymity of customers. This is stated in the study of Chainalysis
In 2020, a significant amount of traffic has moved from centralized stock exchanges to resources that are classified as "risky", including high risk exchange, game platforms, mixers and platforms located in high risk jurisdictions.
As can be seen in the diagram, most of illegally received money falls on fraud and darcnet services.
As for the geography of the activities of fraudsters, the leaders remain the United States of America, Russia, China, South Africa, Ukraine and a number of other countries.
Russia again became the leader in the sector darket due to the activity of Hydra
Russia again became the leader in the sector darcnet, which is largely due to the activity of the Hydra marketer, which works mainly with the Russian-speaking population.
China is also highlighted by the fact that it receives a disproportionately large share of funds sent from addresses associated with stolen means and extortionable programs. In part, this may be due to the thefts of cryptocurrency and the activities of extortioners associated with the Lazarus Group, a syndicate of cybercriminals associated with the Government of North Korea. As for the United States, most of the crimes are related to fraud and extortion.
In most, the funds received were distributed between 4 recipient groups over the past three years.
At the same time, very large amounts of money, from $ 10 million to $ 100 million, received only 24 addresses.
According to analysts Chainalysis, law enforcement agencies can stop the money laundering, simply calculating and arresting the owners of these 270 addresses.
The POST more than half of all money is mounted through 270 addresses of Appeared First On Beincrypto.