Decentralization is a unique feature for cryptocurrency that removes the interference of third parties in crypto-asset transactions. While it could be an advantage in most cases for investors and othe...
Tag: 540M
Alameda-owned RenVM confirms it’s ‘impossible to launder any assets’ through Ren Bridge, debunking claims of $540M in money laundered
Elliptic Connect, a blockchain data analytics firm, released a report Wednesday — widely covered in both the crypto and news media — entitled “Cross-chain Crime: More Than Half a Billion Dollars has ...
Renbridge Used by Cybercriminals to Launder $540M by Chain Hopping
No traces or halt—being a blockchain specialty led to another significant transgression by the crypto masterminds. With cryptocurrency on the rise, Cybercriminals target the crypto market by using cha...
Criminals Laundered $540M Through RenBridge: Report
Key Takeaways According to blockchain analytics firm Elliptic, the cross-chain bridge RenBridge has been used to launder over $540 million over the past two years. Elliptic’s vice president of p...