您现在的位置是:Criminal Use Of Privacy Wallets On The Rise >>正文
Criminal Use Of Privacy Wallets On The Rise
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛927人已围观
简介Privacy wallets such as Wasabi Wallet are fast replacing coin mixers as a means to hide crypto money...
Privacy wallets such as Wasabi Wallet are fast replacing coin mixers as a means to hide crypto money trails
The use of privacy wallets by criminals has risen sharply this year, according to research published last week by blockchain analytics firm Elliptic. Their data showed that while just 2% of all proceeds of crime in Bitcoin were sent through privacy wallets in 2019, that figure rose to at least 13% this year, representing the laundering of more than $160 million from scams, theft and darknet markets.
Evidence of this rise has been seen in the headlines this year – there was the Twitter Bitcoin scam in July in which 130 high-profile accounts were hacked, netting criminals more than $110,000. Then in September, Singapore-based cryptocurrency exchange KuCoin was hacked for $280 million in cryptoassets.
In both these cases, the stolen funds were subsequently laundered through Wasabi Wallet, an open-source, non-custodial privacy wallet. Wasabi Wallet connects people seeking to make CoinJoin transactions – a trustless method of combining multiple Bitcoin payments from different senders into a single transaction to make the sender and receiver of specific payments hard to determine for outside parties. Wasabi Wallet makes the process easier for users by creating the transactions for them.
Bitcoin laundering is nothing new – the public and immutable nature of the blockchain where transactions are recorded means that privacy can be easily broken through the use of IP address monitoring nodes, “taint” analysis, tracking payments, web-spidering and many other mechanisms. Thus, criminals have often looked for ways to conceal the money trail from law enforcement agents.
Previously, this has mostly been through the use of mixers or tumblers – services that disassociate coins with the owner by mixing their Bitcoin with other users in the mixing pool for a fee of between 0.5% and 5%. So far, more than $2 billion in Bitcoin has been sent through mixers.
However, there are risks to using mixers, such as the anonymous operator disappearing with the deposited Bitcoin or turning out to be undercover law enforcement. Indeed, many financial regulators are cracking down on mixing services such as Helix, which was hit with a $60 million penalty in October for violations of the Bank Secrecy Act.
So it’s perhaps not surprising that criminals have shifted from using mixers to using privacy wallets over the last few years, presenting an evolving challenge for the law enforcement agencies, financial regulators and compliance professionals trying to stamp out financial crime in the crypto space.
In order to protect data online and reduce the risk of hacks, services like PrivacySavvy can help protect and encrypt online data to keep it out of the hands of hackers.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/22783.html
相关文章
UK island spaceport will soon send German rockets to space
Criminal Use Of Privacy Wallets On The RiseBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.The tiny...
阅读更多
Sold almost all of my bitcoin, says Jim Cramer
Criminal Use Of Privacy Wallets On The RiseJim Cramer has revealed he sold a huge chunk of his Bitcoin holdings fearing a bearish market aheadI...
阅读更多
DermaSensor: World's first AI
Criminal Use Of Privacy Wallets On The RiseBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.In a rece...
阅读更多
热门文章
- Tether To Replace Ethereum As Number Two Highest Market Cap
- Floating wind tech gets a boost: Gazelle & Tugdock team up
- Cardano price breaks above $0.1140 as bulls eye breakout
- Where to buy Holo coin (HOT)
- Kazakhstan Generates $700M Investment In Crypto Mining
- What is the bullish potential for Memeinator as the price rises to $0.0125 in presale?
最新文章
NASA ignites 2024 with first hot fire test for Artemis moon rocket engine
UK bank bans 5.4M customers from accessing crypto
Bitcoin Cash Price Prediction for June – can it reach $800?
Where to Buy Galaxium Today After 363% Rise
Meet Rabbit r1: Your handy AI sidekick turning talk into action
China makes over 1,000 arrests in crypto