January 16, 2025
Security News

Elliptic Report Reveals $7 Billion in Crypto Laundering via DEXs and Bridges

A recent report from blockchain surveillance firm Elliptic has uncovered that $7 billion in "illicit or high-risk funds" has been laundered through decentralized exchanges (DEXs), cross-chain bridges, and non-KYC exchanges. This staggering sum was already reached by July of this year, exceeding Elliptic's prediction from last year that such activities would amount to $6.5 billion by the end of 2023.... Read More: Elliptic Report Reveals $7 Billion in Crypto Laundering via DEXs and Bridges