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Towards Understanding Crypto Money Laundering in Web3 Through the Lenses of Ethereum Heists. (arXiv:2305.14748v1 [cs.CR])
cs.CR updates on arXiv.org arxiv.org
With the overall momentum of the blockchain industry, crypto-based crimes are
becoming more and more prevalent. After committing a crime, the main goal of
cybercriminals is to obfuscate the source of the illicit funds in order to
convert them into cash and get away with it. Many studies have analyzed money
laundering in the field of the traditional financial sector and
blockchain-based Bitcoin. But so far, little is known about the characteristics
of crypto money laundering in the blockchain-based Web3 …
blockchain cash crime crimes crypto cybercriminals ethereum funds industry laundering main momentum money money laundering order understanding web3