CRYPTO LAUNDERING INVOLVES CROSS-CHAIN BRIDGES AND DECENTRALISED EXCHANGES (DEX)

On 5 October, the Coin Telegraph reported on a new report from Elliptic which says that new research has revealed the extent to which cross-chain bridges and DEX have removed barriers for cybercriminals. It is said that around a third of all stolen crypto, or roughly $1.2 billion, from the incidents surveyed, was swapped using decentralised exchanges.

https://cointelegraph.com/news/new-frontier-of-crypto-laundering-involves-cross-chain-bridges-and-dexs-elliptic

https://www.elliptic.co/resources/state-of-cross-chain-crime-report

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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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