Elliptic: By July, hackers laundered $7 billion worth of cryptocurrencies through cross-chain protocols

📊According to a study by blockchain analytics company Elliptic, by July 2023, criminals had laundered $7 billion worth of cryptocurrencies using online services. We are talking about decentralized exchanges (DEX), cross-chain bridges and token swap services. The report's authors note that this method is becoming the preferred method for laundering coins obtained as a result of hacking, scams and thefts, as law enforcement continues to focus on more traditional methods of obfuscating the traces of criminal activity.