Posted 10/25/2023, 10:01:52 PM
$144 Million in Bitcoin from Darknet Marketplace Abraxas Moved to Crypto Mixer, Sparking Money Laundering Concerns
- 4800 BTC worth $144 million linked to defunct darknet marketplace Abraxas moved to a crypto mixer
- Funds had been dormant since Abraxas exit scammed in 2015, recently consolidated and deposited to mixer
- FinCEN proposed new regulations to monitor and report on crypto tumblers, citing anti-money laundering concerns
- FinCEN says crypto tumblers still used for illegal activity like money laundering despite regulations
- Reporting on tumblers would help law enforcement identify criminals and make illicit transactions less appealing