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Cryptocurrency Analysis Unit Finds Huobi And Binance Account For 50% Of $2.8B Bitcoin Laundered In 2019

Ramsey Baker

Summary: Blockchain researchers have found that $2.8 billion in illicit Bitcoin are believed to have been laundered on cryptocurrency exchanges in 2019, with over 50% being washed through major cryptocurrency exchanges Binance and Huobi. According to cryptocurrency analysis unit Chainalysis, “Binance and Huobi lead all exchanges in illicit Bitcoin received by a significant margin,” this is ...

Blockchain researchers have found that $2.8 billion in illicit Bitcoin are believed to have been laundered on cryptocurrency exchanges in 2019, with over 50% being washed through major cryptocurrency exchanges Binance and Huobi.

According to cryptocurrency analysis unit Chainalysis, “Binance and Huobi lead all exchanges in illicit Bitcoin received by a significant margin,” this is particularly suprising because both exchanges are subject to KYC regulations. Chainalysis found that over 300,000 individual accounts on those exchanges had in someway touched Bitcoin sent from “criminal sources” last year.

By Ramsey Baker

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Link: Cryptocurrency Analysis Unit Finds Huobi And Binance Account For 50% Of $2.8B Bitcoin Laundered In 2019   [Copy]
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