Chainalysis’ latest report reveals that traditional money launderers may also be using crypto networks to move their cash around.
This could potentially create a large-scale infrastructure for laundering cash that originated from outside of the crypto world, according to Kim Grauer, Head of Research at Chainalysis.
While their software is typically used to track and flag illicit activities such as crypto scams, thefts, and ransomware attacks, it also has the ability to help exchanges and other entities avoid accepting funds from criminal sources.
This new report sheds light on the growing trend of traditional money launderers utilizing cryptocurrency to move their illicit funds across blockchains.
