Criminals more reliant on cross-chain bridges than ever after mixer crackdowns By Cointelegraph

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Cybercriminals have accelerated their shift away from crypto mixers for cross-chain bridges over the past year, according to blockchain forensics firm Elliptic.

In June and July, nearly all of the crypto stolen was laundered through cross-chain bridges, Elliptic’s data shows a complete reversal from the first half of 2022.

Proportion of funds laundered between cryptocurrency mixers and cross-chain bridges between January 2022 and July 2023. Source: Elliptic.