Categories
bitcoin

$1.4 billion or more Laundered Money Has Moved Onto Crypto Exchanges This Year

According to the report of Peckshield, more than $1.4 billion of laundered money has converted into crypto exchanges in a blockchain security company this year. Packshield was collecting data for more than one year. His organization has struggled for more than a year to get the information to identify over 100 million transaction addresses. These details come a long way from verifying and analyzing trillions of data. The organization also found 50 million mainstream crypto wallets in the Bitcoin exchange.

People to have maximum advantages by the investment done by them exchanged 147,000 Bitcoin this year. 147,000 Bitcoin is worth more than $1.4 billion US dollars. For the exchange, people have used CoinHolmes, which is a digital asset tracking platform.

The report of Peckshield also states that these assets are affiliated with several cyberattacks such as the dark web economy, hacker attacks, gambling, and many more. Maximum numbers of funds stolen were exchanged in the crypto exchange. Peckshield mentioned in his report that “We ranked the exchanges with the largest amount of stolen money, and found that the top ten exchanges were: Huobi, Binance, Okex, ZB Gate.io, Bitmex, Luno, HaoBTC, Bithum, and Coinbase.”

Peckshield also told that as the crypto mixer, his challenging to trace many of these funds were converted trough crypto mixers. He also mentioned, “As of June 30, 2020, we have monitored the high-risk address, of which $1.62 billion flowed into the blacklisted address and $15.9 billion into the mixed currency service provider, In particular, it should be emphasized that most of the funds through the mixed currency service have been successfully laundered.”

The price of the BTC, ETH, and altcoins spikes every now and then because of the PlusToken. As PlusToken is always under suspicion, a large number of cryptocurrency exchanges in the open market.

Leave a Reply

Your email address will not be published. Required fields are marked *