{"id":18289,"date":"2022-01-27T14:55:00","date_gmt":"2022-01-27T19:55:00","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=18289"},"modified":"2022-01-31T15:35:17","modified_gmt":"2022-01-31T20:35:17","slug":"cybercriminals-launder-8-6-bln-in-cryptocurrencies-in-2021","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/cybercriminals-launder-8-6-bln-in-cryptocurrencies-in-2021\/","title":{"rendered":"Cybercriminals Launder&nbsp;$8.6 Bln In Cryptocurrencies In 2021"},"content":{"rendered":"\n<p>According to Chinalysis, $8.6 billion worth of cryptocurrencies were laundered by cybercriminals in 2021.<\/p>\n\n\n\n<p>About 17% of the $8.6 billion laundered went to decentralized financial applications, a sector that facilitates crypto-denominated non-bank financial transactions, an increase of 2% from 2020.<\/p>\n\n\n\n<p>According to Chainalysis, the $8.6 billion came from crypto activities such as darknet sales or ransomware payments.<\/p>\n\n\n\n<p>To cover their tracks, wallets associated with these acts sent less than half of their stolen cryptocurrencies, worth a total of $750 million, to decentralized finance platforms.<\/p>\n\n\n\n<p>In order to successfully launder money in cryptocurrencies, the attackers also used mining pools, high-risk exchanges and mixers. These platforms received a lot of cryptocurrencies obtained from illegal addresses.<\/p>\n\n\n\n<p>In order to prevent the original sender of these illegal funds from being tracked down, mixers combine these illegal funds with others.<\/p>\n\n\n\n<p>The new report shows that cybercriminals have laundered more than $33 billion worth of cryptocurrencies since 2017.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.reuters.com\/technology\/crypto-money-laundering-rises-30-2021-chainalysis-2022-01-26\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>$8.6 billion worth of<br \/>\ncryptocurrencies were laundered by cybercriminals in 2021.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-18289","post","type-post","status-publish","format-standard","hentry","category-todays-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/18289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=18289"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/18289\/revisions"}],"predecessor-version":[{"id":18307,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/18289\/revisions\/18307"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=18289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=18289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=18289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}