CRYPTO CRIMINALS LAUNDERED $540 MILLION BY USING A SERVICE CALLED RENBRIDGE

On 10 August, CNBC said that a new report claimedthat RenBridge had been used to launder at least $540 million in crime-related crypto cash since 2020, with cross-chain bridges being used to send digital assets across blockchains, bypassing a centralised service that can trace transactions.

https://www.cnbc.com/2022/08/10/crypto-criminals-laundered-540-million-using-renbridge-elliptic-says.html

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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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