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Cryptocurrency Money Laundering Relies on Surprisingly Few Addresses, Report Finds

A small number of deposit addresses received 75% of all cryptocurrency funds sent from illicit addresses in 2020. Russia is the primary recipient of dark market funds, likely due to Hydra dark market that serves Russian and many other Russian-speaking countries. Only a small group of 270 addresses collectively received $1.3 billion worth of illicit cryptocurrency in 2020, Chainalysis report says. A smaller group of just 24 addresses received over $500 million in illicit funds in the same year, according to the report.”]

Source: https://www.bitdefender.com/blog/hotforsecurity/cryptocurrency-money-laundering-relies-on-surprisingly-few-addresses-report-finds/

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