Over 320,000 Bitcoins ‘Washed’ Through Crypto ExchangesOver 320,000 Bitcoins ‘Washed’ Through Crypto Exchanges
By Mary Kihoro - October 10, 2018

CipherTrace, a cryptocurrency research group, has released a report that shows over $2.5 billion worth of Bitcoin has been used by criminals to carry out their operations in unregulated countries. The data that has been collected for a period of 10 years ending September 2018, indicated that 97% of the dirty Bitcoin was laundered through countries with lenient AML policies. The report further noted that hackers have successfully stolen $927 million worth of crypto in the first three quarters of 2018.