🚨Blockchain firm Elliptic said decentralized exchange 1inch has become the most popular service for laundering funds from illegal activities.🕵️♂️
- Since 2019, more than $322 million in criminal funds have passed through 1inch contracts.
- This is due to the design of the protocol, which was originally created to interact with other DEXs and optimize the exchange of assets.
- Recent updates to 1inch also help cybercriminals cover their tracks by allowing funds to be exchanged instantly using limit orders.
Let's discuss in the comments: what measures should regulators take to combat money laundering through cryptocurrency platforms?👇
