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Rise of the Crypto Underworld: Criminals Abandon Mixers for Cross-Chain Bridges Amid Crackdowns

Cybercriminals have been shifting away from cryptocurrency mixers towards cross-chain bridges at an accelerated rate over the past year, as reported by blockchain forensics firm Elliptic. According to Elliptic’s data, in June and July, nearly all stolen cryptocurrencies were funneled through cross-chain bridges, marking a complete reversal from the first half of 2022. In a […]