Crypto Money Laundering Rises 30 Percent in 2021: Chainalysis

Crypto Money Laundering Rises 30 Percent in 2021: Chainalysis
Illumination of the stock graph is seen on the representations of virtual currency Bitcoin in this picture illustration taken on March 13, 2020. Dado Ruvic/Reuters
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NEW YORK—Cybercriminals laundered $8.6 billion in cryptocurrencies last year, up 30 percent from 2020, according to a report from blockchain analysis firm Chainalysis released on Wednesday.

Overall, cybercriminals have laundered more than $33 billion worth of crypto since 2017, Chainalysis estimated, with most of the total over time moving to centralized exchanges.