Top Bitcoin Address Suspected Of $265M Money Laundering Scheme
Adekunle Joshua
A top Bitcoin address has been connected to a massive $265M money laundering scheme.
The address received 9999.99 Bitcoin from Binance in 2018 and may have since been used to launder money through multiple blockchain mixers.
The funds were spread out across smaller deposits to avoid detection.
The address also used a Bitcoin mixer to jumble up its transaction history and make transactions harder to track.
The address is now empty after sending 9,999 BTC to several smaller addresses in a single day.
Crypto and blockchain technology provide many benefits.
They provide a means for people to hedge against inflation, invest in leveraged assets, and achieve some degree of freedom when it comes to finances.