Crypto mixers’ popularity booms as illicit addresses push volumes to ATH: Report
— Push, States, Volumes, Illicit, Popularity, Addresses, Shows, Mixers, United, Funds — 1 min read
Cryptocurrency mixers provide anonymity to transactions, making the sender or receiver of the transaction completely unidentified. Data shows that the 30-day moving average of the total daily value received by crypto mixers reached a new all-time high of $51.8 million in April 2022. The amount is double the incoming volume received at the same time in 2021. Almost 10% of all funds coming from illicit addresses are sent exclusively to mixers, Chainalysis says. In May, crypto mixer Blender.io was sanctioned by the U.S. Treasury for its part in the Axie Infinity hack, where $620 million in digital assets were stolen. In March, the UK's National Crime Agency expressed that it’s seeking to regulate coin mixers. Source