Blog | G5 Cyber Security

Money Laundering Cryptomixer Services Market to Criminals

Cryptomixers are designed to launder their virtual currency to give them “clean coins” that are tougher for law enforcement agencies to trace. The underlying approach is simple: Mix together bitcoins from different sources to obfuscate their origin, then return the funds – minus a commission – to the customer. Service operators take a cut of every transaction, and the process typically takes time – often days. Some services only support bitcoin, but others will mix newer virtual currencies such as bitcoin cash, ethereum and litecoin.”]

Source: https://www.govinfosecurity.com/money-laundering-cryptomixer-services-market-to-criminals-a-17918

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