In the first half of 2020, digital asset exchanges accepted about 150 thousand BTC, the origin of which may be associated with illegal activities. This conclusion was made by PeckShield researchers after analyzing the market. Pechshield, a blockchain security company, has come up with an analysis of the situation.
During the study, analysts collected and studied the data of 100 million transaction addresses, 53 million of which are registered on exchanges. Many addresses, according to experts, are related to illegal transactions. In particular, they associate some of the wallets with the hacking of digital asset exchanges, fraud, and the darknet.
In total, according to PeckShield, in the first half of 2020, 147 thousand laundered BTC were transferred to trading platforms – this is over $ 1.3 billion at a bitcoin cost of $ 9109. Analysts attributed tokens used in Ponzi schemes, hacking, fraud, darknet, and illegal online casinos to laundered assets.
In the course of the analysis, experts identified the sites, which more often than others received cryptocurrency of dubious origin. Huobi, Binance, and OKEx got into this anti-rating with a total result of 60% of “illegal” BTC.
Earlier the compliance platform Clain found out that Binance, Huobi, OKex were used by hackers to transfer funds stolen from UPbit.
The rating of the platforms to which laundered ETH is most often transferred looks differently.
In the course of the work, PeckShield came to the conclusion that the methods of combating money laundering, which are used today in the digital asset market, are ineffective. At the same time, analysts are confident that regulators will be able to rectify the situation in the near future.
It also turned out that over the year the volume of bitcoins laundered through the mixers from the darknet increased by 900%.