$1 Billion in Crypto Stolen by Just 2 Groups: How Do They Cash Out?

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crypto hacker cryptocurrency theft

A report from Chainalysis, a blockchain analytics firm based in the U.S. and Denmark, has revealed that just two groups have stolen more than $1 billion worth of crypto in the past several years. Based on the transactions and addresses traced by the firm, the hackers obtained around $90 million per hack on average, running a lucrative criminal operation spanning out many major crypto markets. How are Stolen Funds Cashed Out? Blockchain analytics companies like Chainalysis work with major cryptocurrency exchanges to stop suspicious transactions from entering the system of trading platforms. Binance, for instance, the world’s largest crypto exchange

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