Crosschain swaps facilitated $21.8 billion in illicit crypto transactions, a 200% rise from $7 billion in 2023. Notably, 12% of these activities are linked to North Korea, with criminals increasingly using complex methods to obscure their financial trails.
The shift towards a multi-chain ecosystem empowers criminals with diverse options for money laundering. Structured and multi-hop activities complicate tracing, reflecting the growing risks posed by the expanding blockchain landscape.
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