Probe reveals $88 million money laundered using Cryptos

Probe reveals $88 million money laundered using Cryptos

An investigation report published by The Wall Street Journal revealed that nearly $100 million illegal funds were drawn in cryptocurrencies through crypto exchanges. The report highlighted that nearly $88.6 million funds were laundered from 46 exchanges with the largest portion involved in multi-coin exchange Shapeshift. Shapeshift was utilized to transfer Bitcoin to ‘untraceable’ Monero. 

Leave a Reply

Your email address will not be published. Required fields are marked *