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Analytics Firm Elliptic Says RenBridge Was Used to Help Launder $540M of Illicit Crypto Funds

Around a third of the sum laundered with the help of the cross-chain bridge is believed to be proceeds from ransomware attacks by North Korean hackers, according to Elliptic.

Elliptic says RenBridge was used to launder $540 million in illicit funds. (Charlie Green/Unsplash)
Elliptic says RenBridge was used to launder $540 million in illicit funds. (Charlie Green/Unsplash)