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‘New frontier’ of crypto laundering involves cross-chain bridges and DEXs: Elliptic

Published 10/05/2022, 12:16 AM
Updated 10/05/2022, 02:00 AM
‘New frontier’ of crypto laundering involves cross-chain bridges and DEXs: Elliptic

New research from blockchain analytics and crypto compliance firm Elliptic has revealed the extent to which cross-chain bridges and decentralized exchanges (DEXs) have removed barriers for cybercriminals.

In an Oct. 4 report titled “The state of cross-chain crime,” Elliptic researchers Eray Arda Akartuna and Thibaud Madelin took a deep dive into what they described as “the new frontier of crypto laundering.” The report summarized that the free flow of capital between crypto assets is now more unhindered due to the emergence of new technologies such as bridges and DEXs.

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