Crypto laundering trends shift as criminals utilize cross-chain bridges and DeFi protocols
Cryptocurrency laundering activities are evolving, with a recent report from Chainalysis highlighting significant shifts in tactics employed by criminals. Despite a decrease in the total value of funds sent to laundering services, there’s a notable surge in the use of cross-chain bridges and decentralized finance (DeFi) protocols for obfuscating illicit funds. Rise of cross-chain bridges…