Chainalysis: In five years, $100 billion worth of "dirty" cryptocurrencies were sent to crypto exchanges

The analytical platform Chainalysis reported that since 2019, about $100 billion worth of "dirty" cryptocurrencies have been sent to crypto exchanges. At the same time, almost 30% of these assets ended up in sub-sanctioned services.

According to the report, a third of the total volume of "dirty" cryptocurrency is accounted for by sanctioned services such as the Russian exchange Garantex. The rest of the funds are related to darknet markets, fraud, ransomware, malware, and firewalls.

Experts say that now most of the illegal funds passing through crypto services are concentrated not in traditional cryptocurrencies such as bitcoin or ether, but in stablecoins. According to experts, international cooperation in the field of anti-money laundering (AML) measures does not give the desired result.

Earlier, Chainalysis analysts reported that Sweden's largest neo—Nazi terrorist group, the Northern Resistance Movement, was able to collect donations in cryptocurrencies worth more than $92,000 in nine years.