Cyber Criminals Using Crypto Mixing Services at Record Rates, According to Chainalysis

New data from market intelligence firm Chainalysis reveals bad actors are using crypto mixing services at unprecedented rates. A crypto mixing service is a tool used to make it difficult to follow the movement of money by pooling together funds of many different users and mixing them together. The data shows that mixers currently pose a significant money laundering risk, with 25% of funds coming from illicit addresses, and that cybercriminals associated with hostile governments are taking advantage of the service. While there are legitimate use cases for crypto mixers, such as financial privacy, the digital assets community and regulators should acknowledge that cyber criminals are using the service as a way to get around the world's largest amount of money to avoid money laundering. The Daily Hodl does not recommend the buying Source