Cryptocurrency

Cyber Criminals Increase Usage of Crypto Mixers to All-Time High: Chainalysis

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Cyber Criminals Increase Usage of Crypto Mixers to All-Time High: Chainalysis

The percentage of funds passing through crypto mixers from the custody of cyber criminals touched its highest value of $51.8 million (roughly Rs. 413 crore) in April 2022. As per a Chainalysis study, nearly 10 percent of all funds sent from illicit addresses are sent to mixers in order to make the transactions between two wallets anonymous.

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