Summary:
Threat actors have been laundering currencies through cross-chain crime, swapping cryptocurrency between different blockchains and tokens for anonymity. Reports suggest that over $4.1 billion of illegal funds have been laundered this way, with estimates rising to $6.5 billion by the end of 2023 and $10.5 billion by 2025. The Lazarus group, responsible for high-profile cyberattacks, has laundered over $900 million using this method.
Hashtags:
#Cryptocurrency #MoneyLaundering #CrossChainCrime #IllegalFunds #Cyberattacks #LazarusGroup