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Fiat, not Crypto and Bitcoin, Predominantly Used in Money Laundering.

Crypto, including Bitcoin and Monero, have had some bad rap over the years for their alleged use as vehicles proliferating illegal activities like money laundering– A Big Fat Lie.

Over the years, millions worth of BTC have been confiscated by law enforcement and auctioned, making some of the greatest personalities in Bitcoin (read Tim Draper) billionaires.

That’s not all; third-party blockchain analytics firms–contracted by law enforcement or exchanges whenever there are exchange hacks, have grown in sophistication over the years.

The good news is, the number of hacks has been reducing over the years.

alone have racked up $200 billion in fines and penalties in over 395 cases.

have been hit with 314 major legal cases.