Illicit Crypto Moving to Mixers on Pace to Double in 2022
— Mixers, Million, Crypto, Chainalysis, Double, Mixing, Moving, Services, Illicit, Addresses — 1 min read
30-day moving average of value received by mixers reached an all-time high of nearly $52 million worth of crypto on April 19. Illicit addresses account for 23% of funds sent to mixers so far in 2022, up from 12% in 2021. North Korea-linked cybercriminal groups are sending about half of the funds going to the mixers. Nearly all of the remaining funds are from North Korean government-associated Lazarus Group and Blender.io, accounting for about 30% and 19% of the overall amount. Mixers or tumblers are services providing users the ability to conceal the transaction history of certain cryptocurrencies by pooling and mixing them together with other users’ funds. While they can be used for illegal activity, many believe that it is a crucial tool for financial privacy Source