Cybercriminals Launder $8.6 Billion in Cryptocurrency in 2021

Blockchain consultancy Chainalysis released a report saying that the amount of money laundered by cybercriminals in cryptocurrencies will reach $8.6 billion in 2021, a 30% increase from 2020. About 17 percent of the $8.6 billion laundered came from decentralized finance applications, the ones that power cryptocurrency-denominated transactions outside of traditional banks. Chainalysis also pointed out in the report that there are stealing behaviors related to wallet addresses in the market, and thieves will transfer some of the stolen funds to the decentralized financial platform, but this part of the funds only accounts for less than half of the stolen amount, about 750 million Slightly more dollars.