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Crypto criminals are increasingly targeting centralized exchanges, making off with more than $1.5 billion in the first half of the year, according to a report by Chainalysis. Despite a nearly 20% decrease in illicit crypto activity on-chain since January, the focus on centralized exchanges highlights a shift in criminal strategies. Additionally, the UK's National Crime Agency (NCA) reports that up to $5.1 billion in illicit crypto transactions are linked to the UK annually. This suggests that crypto is becoming a significant tool for laundering money, including proceeds from cash and ransom.
UK NCA REPORTS $5.1 BILLION IN ILLICIT CRYPTO ACTIVITY LINKED TO THE COUNTRY ANNUALLY According to the National Crime Agency, up to $5.1 billion in illicit crypto transactions are linked to the UK annually, as criminals increasingly use crypto to launder proceeds of crime. The… https://t.co/MaSBLxFJVR
NCA SAYS $5.1 BILLION IN ILLICIT CRYPTO TRANSACTIONS TIED TO THE UK EACH YEAR The UK’s National Crime Agency reports a staggering $5.1B in dirty crypto transactions linked to the UK annually. They’re saying crypto is the new tool for laundering everything from cash to ransom… https://t.co/ZXg0HfbQi8
As much as $5.1bn in illicit crypto transactions linked to UK annually, NCA says https://t.co/fpUIWK3DTL
