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According to Chainalysis, the mainSome of the cryptocurrencies sent to mixers this year came from centralized exchanges, DeFi protocols, and addresses associated with illegal activity.
According to the report, 23% of those admitted to servicescryptocurrency mixes were obtained illegally. In 2021, this figure was at 14%. However, analysts note that there are many other reasons for using mixers, such as trading digital assets under repressive government laws or anonymizing legitimate but confidential transactions.
Mixers are classified in the US as servicesmoney transfer companies operating in accordance with the Bank Secrecy Act. Such services must register with FinCEN and implement an anti-money laundering (AML) program. However, analysts noted that they are not aware of any mixers that currently comply with KYC or AML regulations.
The main functionality of mixers, according toanalysts, making them a convenient tool for cybercriminals. In 2022, there is more cryptocurrency flowing into mixers than ever before. However, Chainalysis noted that cryptocurrency mixers will soon begin to become obsolete as methods for tracking transactions on blockchains are constantly improving.
Earlier, analytics company Chainalysis released a tool to track transactions across decentralized finance (DeFi) protocols and several blockchains.
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