The Dark Side of Cross-Chain Bridges: A Haven for Money Laundering
Criminal organizations exploit decentralized exchanges and cross-chain bridges to launder $7 billion in illicit crypto assets, exposing a blind spot in the fight against money laundering. A recent report by Elliptic has shed light on the alarming trend of money laundering through cross-chain services in the decentralized finance (DeFi) space. Criminal organizations are leveraging the…