On 4 June, Coindesk reported that a 2-part report by Europol’s European Cybercrime Centre (EC3) analysed the privacy tool’s impact on using the Bitcoin blockchain to investigate crimes. It is said that the report says that in 3 weeks, BTC in the amount of nearly $50 million were deposited into Wasabi with almost 30% coming from dark web markets – despite dark web transactions are estimated to have only 1% share of total transactions. Wasabi tries to get around Bitcoin’s radical transparency, giving users more privacy by scrambling transactions together and confusing the trail.



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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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