Crypto Criminals Embrace Bitcoin Mixers, Laundering Over $300 Million in 2023

Key Takeaways

CertiK uncovers a significant shift as over $300 million in stolen funds from major crypto breaches in 2023 find their way into the Bitcoin network;
Bitcoin mixers, such as Sinbad, have emerged as the preferred choice for money laundering, especially after Tornado Cash faced sanctions;
As cyber criminals adapt, there’s an urgent need for dynamic countermeasures to combat blockchain-based financial crime effectively.

Leave a Comment