Bitcoin Still Dominates in Criminal Exploitation
A recent report from Europol highlights the continued use of Bitcoin by criminals, with a shift towards converting it into stablecoins like Tether for added stability. The Tron blockchain’s lower transaction fees have also contributed to the increased popularity of USDT transactions in cybercrime and fraud.
Monero’s Privacy Features and Criminal Popularity
Monero, known for its emphasis on privacy and anonymity, has gained traction among individuals seeking financial confidentiality and cybercriminals alike. Its use of ring signatures, stealth addresses, and confidential transactions make it a popular choice for illicit activities such as ransomware attacks and dark web transactions.
Evolution of Cryptocurrency Laundering Techniques
The report also delves into the evolving techniques of cryptocurrency laundering, ranging from traditional methods like money mules to more sophisticated approaches using encrypted messaging apps and crypto debit cards. These methods allow perpetrators to bypass compliance checks and hide their identities effectively in cybercriminal activities.
