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The Daily Hodl 2024-02-16 19:45:28

Crypto Money Laundering on Cross-Chain Bridges Surges 138% Year-on-Year in 2023, According to Chainalysis

Cybercriminals are turning to cross-chain bridges to move illicit funds, according to market intelligence platform Chainalysis. Cross-chain bridges enable users to transfer crypto assets from one blockchain to another. In a new report, Chainalysis says the amount of crypto that bridge protocols received from illicit addresses increased from just $312.2 million in 2022 to $743.8 The post Crypto Money Laundering on Cross-Chain Bridges Surges 138% Year-on-Year in 2023, According to Chainalysis appeared first on The Daily Hodl .

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