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Crypto money laundering jumps 30% in 2021

4 monthes ago   |   By RT

Cybercriminals reportedly laundered over $8 billion last year, turning to high-tech protocols for illicit activity
Money laundering using cryptocurrencies surged 30% last year against 2020, with at least $8.6 billion in digital tokens lost in various illicit schemes, according to a new report from crypto analysis firm Chainalysis, released on Wednesday. Money laundering is a process in which the source of stolen funds is disguised by transferring it to a legitimate business.
Overall, over $33 billion worth of crypto has been laundered since 2017, the firm estimated. Most of that money was...
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