Some $88.6 million have been laundered through 46 cryptocurrency exchanges, a Wall Street Journal (WSJ) investigation has established. According to the report published on Friday, $9 million of the fraudulently obtained funds have been channeled through Switzerland-based digital assets trading platform ShapeShift.
The months-long investigation tracked 2,500 suspected blackmail schemes, investment frauds, and other criminal enterprises dating back to 2016. According to the findings, nearly $35 million in ill-gotten Bitcoin (BTC) and $16.4 million in Ethereum (ETH) have been converted into untraceable cryptocurrency Monero (...
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