Crypto Money Laundering Dropped 30% Last Year, Chainalysis Says
Illicit addresses sent $22.2 billion in cryptocurrency to services in 2023, a decrease from $31.5 billion in 2022, and centralized exchanges remain the primary destination.
Binary trading platforms with better performance and payouts
chainalysis
Illicit addresses sent $22.2 billion in cryptocurrency to services in 2023, a decrease from $31.5 billion in 2022, and centralized exchanges remain the primary destination.
The three crypto companies have together raised a total of $2 billion.
A new study by the on-chain sleuth found possible pump and dump patterns for 54% of tokens listed in 2023.
The figure is nearly 40% less than that of 2022, however it is only provisional, Chainalysis stressed.
Crypto venture capital firm C1, which is led by former Coinbase executives, has met with several cryptocurrency groups and Australian venture firms offering to buy private holdings from investors using its $500 million ($AUD 760 million) fund, according to the Australian Financial Review.
The duo will help companies adhere to crypto regulations and advance anti-money laundering compliance programs.
(John Phillips/Getty Images for TechCrunch)