HomeBetrachterSWIFT: Crypts do not play a major role in money laundering

SWIFT: Crypts do not play a major role in money laundering

Today a SWIFT investigation is coming to the crypto community that may break the paradigm of many: No, crypts do not play as much of a role in money laundering as many think.

Crypts are not the favorite for money laundering
Among the arguments of a person who is against crypts we have Volatility and the ability to be used for illicit purposes.

Both elements are widely debatable, but we will focus on the second. Crypto currencies are used for illicit purposes, but their role may not be as important in reality.

The SWIFT report notes that „identified cases of laundering through crypto-currencies remain relatively small compared to the volumes of cash laundered through traditional methods.

However, SWIFT noted that the use of crypts for money laundering will increase in the future.

280 crypto accounts are linked to North Korean hackers

Hackers hijack player accounts in Call of Duty and ask for Bitcoin
Motherboard reported today that hackers have captured Call of Duty: Warzone accounts from players and are demanding Bitcoin to return the accounts.

For those who don’t know, Activision Blizzard’s Call of Duty: Warzone has been one of the biggest games of the year. While the game is free, players can access items through cash.

Consequently, some accounts have become an investment of time and money for many players and are therefore targeted by hackers.

However, again, crypts, specifically Bitcoin, have become entangled in this type of situation.

Hackers ask for $4 million in Bitcoin from Argentine authorities

Bitcoin Hash Rate Reaches New High
According to the data published by Glassnode, the Bitqt hash rate has reached a new all-time high.

This could have an impact on the price of Bitcoin, in particular because of the possible reaction of the miners to the increased hash rate. However, the correlation between the price of crypto and the hash rate isn’t very accurate.