Bitcoin no longer asset of choice for criminals — former Elliptic crypto advisor

The presentation drew Web3 criminal activity insights from Elliptic, Chainalysis and TRM Labs, with Annison talking in her capability as a former staff member of Elliptic having just recently left the firm.According to Annison, Bitcoin is no longer the cryptocurrency of option for illicit activities or laundering money.” Annison highlighted a prospective silver lining from a law enforcement point of view, noting that central providers like Circle could freeze particular USDC tokens before criminals can “off-ramp out of the possession” into fiat through DEXs or centralized exchanges. Annison said chain switching and asset switching are common as wrongdoers try to conceal illicit activity.” Annison likewise touched on the increasing use of cryptocurrencies to evade sanctions and financing terrorist activities, highlighting TRON (TRX) and Tether (USDT) as popular properties for illicit use.The introduction of metaverse experiences has likewise seen the space bring in dubious stars.

The discussion drew Web3 crime insights from Elliptic, Chainalysis and TRM Labs, with Annison talking in her capability as a previous staff member of Elliptic having just recently left the firm.According to Annison, Bitcoin is no longer the cryptocurrency of choice for illegal activities or laundering money.” Annison highlighted a prospective silver lining from a law enforcement perspective, keeping in mind that central issuers like Circle might freeze specific USDC tokens before bad guys can “off-ramp out of the property” into fiat through DEXs or centralized exchanges.” Annison also touched on the increasing use of cryptocurrencies to evade sanctions and finance terrorist activities, highlighting TRON (TRX) and Tether (USDT) as popular assets for illicit use.The development of metaverse experiences has also seen the space bring in nefarious actors.