“The state of cross-chain crime”
Crypto-crime and money laundering in a cross-chain world
Blockchains have become increasingly interconnected. New technologies such as decentralized exchanges (DEXs) and cross-chain bridges have removed many of the barriers to the free flow of capital between cryptoassets. However they are also being abused for money laundering by the likes of ransomware groups and hackers, who are moving billions of dollars in crypto between assets and blockchains.
In this report we take a deep-dive into the new frontier of crypto laundering, exploring the criminal typologies through case studies and blockchain analytics.
We also provide practical guidance for compliance professionals seeking to manage risk in this new environment.