Crypto Industry Insight, Market Data and Investigations

High-Risk Exchanges are more engaged in illicit activities than regulated exchanges. Clain’s research shows that near USD 20B has passed through these services in 2020 alone.

Unlike the report of a CWT ransom investigator who declared that all of the extorted funds were syphoned off into four different exchanges, Clain found that a big chunk of that money actually headed to what’s known as a "mixing service".

The most recent attempt to launder the stolen UPBit funds involved a number of prominent, well-known exchanges such as Binance, Huobi, Okex.

Clain has determined that PlusToken theft involved a massive chain of consecutive transfers and used over 500k addresses to merge criminal proceeds from other wotoken ponzi