The use of cryptocurrency mixers has been at the helm of crypto investigators and compliance officials. This use of mixers has reached an unfortunate all-time high recently as per the latest reports. In fact, more than 10% of all funds sent from illicit addresses are sent to mixers! According to a recent report by Chainalysis, […]
the operator of Bitcoin Fog on multiple counts. The charges included involvement in money laundering, operating an unlicensed money transmitting business, and money transmission without a license.
The breakup of funds received by mixers from illicit addresses is suggestive of an unfortunate growing trend. Illicit addresses account for 23% of funds sent to mixers so far in 2022, up from 12% in 2021.What’s more concerning is the growing use of mixers by sanctioned addresses, especially in 2022. Russian based-entity, Hydra, leads in this category while accounting for over 50% of funds moving in mixers.
“We encourage stakeholders in both the private and public sectors to work together on how to address the risks associated with mixers…”Subscribe to get it daily in your inbox.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID outbreaks more than doubled in Ontario LTC homes since last weekly reportTORONTO - Public Health Ontario says COVID-19 outbreaks in long-term care homes more than doubled during the first week of July.
Read more »
New COVID outbreaks more than doubled in Ontario LTC homes since last weekly report | CBC NewsNew COVID-19 outbreaks more than doubled in Ontario long-term care homes in the first week of July, Public Health Ontario says, as the sector sees the impact of a seventh virus wave.
Read more »
COVID outbreaks more than doubled in Ontario LTC homes since last weekly reportTORONTO — New COVID\u002D19 outbreaks more than doubled in Ontario long\u002Dterm care homes in the first week of July, Public Health Ontario says, as the sector sees…
Read more »
COVID outbreaks more than doubled in Ontario LTC homes since last weekly reportThe latest report comes as the province weathers a summer wave of virus infections driven by the BA.5 Omicron subvariant.
Read more »
COVID outbreaks more than doubled in Ontario LTC homes since last weekly reportThe latest report comes as the province weathers a summer wave of virus infections driven by the BA.5 Omicron subvariant.
Read more »