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'Stablecoins' Enabled $40 Billion in Crypto Crime Since 2022

Published: January 18, 2024

A new report from Chainalysis finds that stablecoins like Tether, tied to the value of the US dollar, were used in the vast majority of crypto-based scam transactions and sanctions evasion in 2023.

Source: wired.com

Related Topics:

Chainalysi FiermanTether HoldingsBank SecrecyUnited NationsHigh Tech TaskWhile ChainalysisErin WestSanta Clara CountyTech Task ForceOctober Wall Street JournalBank Secrecy Act