A report by blockchain forensics firm Chainalysis indicates that crypto mixers processed digital assets worth about $7.8 billion in 2022. Illicit funds processed through mixers rise to 24% On Jan. 26, the firm shared highlights of the report in a short Twitter thread. According to figures shared in the thread, the amount of money processed through crypto mixers in 2022 was $3.7 billion less than what was processed by the same platforms in 2021. The report shows that 24% of the $7.8 billion came from illicit addresses, a massive jump from the 10% recorded in 2021. This means that there
The Senate Banking Committee voted 15-9 on Thursday to move forward on the CLARITY Act, a crypto market structure proposal that has been the subject of debate for a while now. Nevertheless, just ahead of the vote, the Bank Policy Institute (BPI) put out a series of tweets on X…
In a proactive move against money laundering in virtual assets, South Korea’s Financial Intelligence Unit (FIU) is actively considering regulatory measures on crypto mixers. Crypto mixers are tools often exploited by criminal organizations, especially by the notorious Lazarus Group. Virtual asset mixers, responsible for splitting and redistributing digital assets across…