Blockchain researchers traced $2.8 billion in illicit Bitcoin believed to be laundered on cryptocurrency exchanges in 2019 — with over 50 percent ($1.4B) washed through major trading hubs Binance and Huobi. “Binance and Huobi lead all exchanges in illicit Bitcoin received by a significant margin,” said cryptocurrency analysis unit Chainalysis. “That may come as a surprise given that Binance and Huobi are two of the largest exchanges operating, and are subject to KYC regulations.” [Read: Greece suspends extradition of alleged launderer for Bitcoin ‘stolen’ from Mt Gox] Chainalysis found more than 300,000 individual accounts on those exchanges had touched Bitcoin sent from “criminal…
This story continues at The Next Web
Or just read more coverage about: Bitcoin
Thursday, 16 January 2020
