Criminals favor centralized crypto exchanges for laundering illicit funds

Centralized exchanges continue to be the primary channels for laundering, despite a slight shift in the distribution of illicit funds towards DeFi protocols and gambling services, a Feb. 15 blog post by on-chain security company Chainalysis points out.However, the use of cross-chain bridges for laundering has surged, particularly among theft-related addresses. The report highlights this as a... source: https://cryptobriefing.com/criminals-favor-centralized-crypto-exchanges-laundering-funds/?utm_source=cryptopanic&utm_medium=rss