Cybercriminals washed over $ 540 million through the Renbridge cross-bridge

Renbridge cross-bridge was used by criminals to launder more than half a billion dollars. Such conclusions came analysts Elliptic.

Cross-Chain Crime Is a Growing Challenge for Aml. MORE THE HALF A Billion Dollars Has Alread Been Laundered Through A Single Blockchain Bridge, Elliptic https://gagarin.news/ Research Has Found.
Learn Morehttps: // T.CO/LIQHJDDEDB #CROSSCHAIN ​​#CRYPTO #RENBRIDGE

– Elliptic (@elliptic) August 10, 2022

Experts have found that since 2020, through Renbridge, have beenhed about $ 540 million obtained during thefts, fraud, extortion software and other types of criminal activity.

Among them are the crypto-actors stolen from exchanges and Defi services in the amount of at least $ 267.2 million, including $ 33.8 million stolen from Liquid.

Also, unknown people sent part of the funds received from the attack on the Nomad Cross-Protocol to Renbridge.

The bridge is also often used by extortion operators – at the time of analysis, over $ 153 million received as a ransom from victims through Renbridge.

Experts called decentralized cross-bridges “unregulated alternative exchanges for transferring funds between blockchains”. They indicated that attackers are increasingly using them, complicating assets tracking.

Read the FORKLOG Bitcoin News in our Telegram-cryptocurrency news, courses and analytics.