Cryptocurrency Criminals Become More Elusive, Employing Complex Cross-Chain Transfers to Evade Detection

New research from blockchain analysis firm Elliptic highlights an alarming trend: cryptocurrency criminals are becoming increasingly adept at evading detection. They’re employing complex techniques involving multiple blockchain ecosystems, a move that has led to investigations requiring more than ten different blockchains in over 20% of cases. This trend is likely fueled by the reduced costs and increased flexibility offered by cross-chain switching.