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| Name | Illicit Funds Flood Centralized Crypto Exchanges | Chainalysis Report |
| Video Uploader | Video From NEWS9 Live |
| Upload Date | This Video Uploaded At 12-07-2024 06:19:02 |
| Video Discription | Nearly $100 billion in crypto has been laundered from illicit wallets to conversion services over the past five years, with the majority funneling into crypto exchanges. According to Chainalysis, 50% of these illicit funds find their way to centralized exchanges, facilitated through obfuscation methods like crypto mixers and blockchain bridges. Despite regulatory pressures, the ease of converting cryptocurrency to fiat and high liquidity make exchanges attractive for illicit actors. Anti-money Laundering efforts have reduced illicit flows from a peak of $2 billion monthly to significantly lower levels, yet crypto remains a favored tool for laundering proceeds across various criminal activities in 2024. .............................................................................................. News9 is India's first fully integrated English news brand across all digital platforms. It includes a publishing platform, viz. www.news9live.com, a future-ready OTT platform, News9 Plus, and a 24-Hour video streaming service on connected TVs and all social platforms. It's the English news brand that understands and fits perfectly into the digital-first lifestyles of our English news audiences. ► News9 Plus Website : https://www.news9plus.com/all ► News9 Plus App : https://onelink.to/8pwfkc ► News9 OTT Coupons : https://bit.ly/4dwLDx4 ► Watch us on YouTube : https://www.youtube.com/c/NEWS9LIVE ► Like us on Facebook : https://www.facebook.com/news9live ► Follow us on Instagram : https://www.instagram.com/news9live ► Follow us on Twitter : https://twitter.com/NEWS9TWEETS |
| Category | News & Politics |
| Tags | Breaking News | Latest news | News today | Live news update | latest news today | breaking news today | business | Illicit Funds | Illicit Funds Flood | Crypto | Crypto Exchanges | Chainalysis Report | Chainalysis |
