$7 billion Laundered, $3 billion More in the Pipeline?
Elliptic’s recent report unveils $7 billion laundered through DeFi platforms and non-KYC exchanges, and the trend is far from over.
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Between July 2022 and July 2023, malefactors managed to launder $2.7 billion, capitalizing on the expanding features of decentralized platforms and the versatility of various cryptocurrencies.
The company foresees this trend persisting as long as criminals believe their activities remain untraceable by authorities on these platforms.
Analysts predict total laundered funds could exceed $10 billion by 2025.
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