thumb 146264 kyla curley Blockchain Investigators Find Flaw in Crypto-Laundering

Blockchain Investigators Find Flaw in Crypto-Laundering

-Cryptocurrency has become a popular choice for criminals seeking to launder ill-gotten gains, due to its pseudonymous nature.

-However, investigators have developed various techniques and tools for tracking down owners of or associations between crypto wallets.

-Most blockchain analytical tools rely on proprietary data collection, categorization and risk profiling, which often assist with determining the location and/or cash-out point (i.e., the last known wallet and where its hosted) of digital assets on a particular blockchain.

-Criminals often try to hide their crypto transactions by complicating the process of tracking and by moving assets as quickly as possible.

-As cryptocurrency adoption continues to grow, regulations tighten, compliance improves, and enforcement increases, the data available for use by investigators in blockchain analytics will shine a light on those aiding and abetting the unlawful movement of criminal proceeds and currently hiding behind their present pseudonymity.

thumb 146264 kyla curley Blockchain Investigators Find Flaw in Crypto-Laundering
Blockchain Investigators Find Flaw in Crypto-Laundering 3

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