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Bridges join two or extra blockchains and might anonymize transactions, making them interesting to state-sponsored hackers
North Korea laundered over $150 million via a well-liked cryptocurrency swapping service, safety researchers stated on Wednesday, as specialists raised considerations about authorities’ capacity to remain forward of tech-savvy criminals.
Crypto compliance agency Elliptic introduced the findings on Wednesday, alongside an evaluation displaying that criminals of all stripes have moved no less than half a billion {dollars} value of stolen funds via RenBridge, a decentralized cryptocurrency bridge, since 2020.
Bridges join blockchains of various cryptocurrencies, permitting customers to alternate one cryptocurrency for an additional. RenBridge is one such service, and it has develop into “notably widespread with these searching for to
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