On February 21, 2025, EthH was stolen by about $ 1.5 billion. Elliptical analytics say the money was probably stolen by the notorious Lazarus Group. The token was sent to the Crypto Mixer for laundering. The next day the thieves who steal the crypto from Infini were also using a mixer service. What is the future for Crypto Mixer in Pro-Crypto countries?
Crypto Mixer was used by thieves after two recent major crypto hacks
according to a Report By eggs, Bibit Hack is the largest successor ever, not only the largest crypto exchange hack. Illiptic states that usually like a recent bibit incident, the lairing of the stolen funds involves. This may include the use of decentralized exchanges, swapping services, or crypto mixers such as tornado cash or cryptomics.
Two hours after the hack, 400,000 ETHs stolen from Bibit were distributed between about 50 addresses. By 23 February, 10% of these wallets were already vacant. With these assets, the following tasks may include more transactions such as swapping, using cross-blockchen bridges, mixer, etc., excluding the elliptical single anonymous exchange exchange exchange as the main tool for bibet hack money laundering in the current stage. Can
Illiptic analysts say the final stage is disrupting transactions through Crypto Mixer. It is noted in the report that this task may demand in this case due to the sheer versions of stolen money.
After bybit hack, bad actors stole $ 50 million in USDC from Infini platform. A crypto mixer tornado cash Used At some point to hide the details of the actual transaction. Fund stolen on Famex Exchange in Multi-Million Hack of January Allegedly A tornado also ended in the cash mixer.
Debate on the validity of Crypto Mixer
Bitcoin, atherium, and many other blockchain transactions keep records transparent. Therefore, if criminals use these blockchain, they may require crypto mixers that disrupt transactions data and hide from justice.
Although Crypto Mixer is an easy tool for financial offenses, often, they do not intend to be used only by evil actors. Many people only try to keep their transactions private. They can also see the crypto mixer in a positive way.
However, due to the overall disappointing experience, the crypto mixer is examined, even if people make them, they are often used by criminals. Some crypto mixers do not stop criminals and serve them for years.
One of the Starchest examples is bitcoin fog, which is a mixture service that helped inhibit transactions data for 1.2 million bitcoins (about 5%of the total supply) between 2011 and 2021. The forum was used by criminals on several occasions. As a result, bitcoin fog manufacturer Roman Sterlingov was sentenced to 12 years in jail. Found guilty Money laundering conspiracy, money transmission without license in Colombia district, and other crimes.
In the 2020s, three members of the tornado cash team were arrested on different occasions as the mixer platform was allegedly involved in a high-scale money laundering operation associated with the Lazarus Group. Tornado Cash Developer Alexi Partev was freed from jail in February this year, however, his fighting continues.
The case provoked the debate on legal treatment of privacy-centered platforms. Code is not a crime. Pertsev wrote an open-source service that prevents transactions data on Etreum Blockchain. He is not the owner of tornado cache, nor does he use it to give it money.
Some people commenting on the case expressed confidence that such situations reveal the immediate requirement of new laws because often crypto platforms and transactions do not fit the traditional financial sector structure. In the event that a developer who has created an open-source platform is facing the money laundering charge, indicates urgency for more modern rules. Laws before the emergence of cryptocurrency are often very wrong to work properly with new techniques and people that make them.
Confidentiality-centric tokens are surrounded by similar debate. For example, Monroe, other popular privacy-focused cryptocurrency such as dash or zakash, remove Many laws in large crypto exchanges in many courts due to their possible use as crime money in the form of crime money, with some of Monroe with the financing of terrorist organizations with some. We cannot underestimate the importance of monroes to some extent, it makes bitcoins on some marketplace as a crypto of choice.
Will the Pro-Crypto governments ban Crypto Mixer?
The future of Crypto Mixer is blurred. Some privacy-centric coins and crypto mixers are being banned in some courts, including some European Union countries such as France or Netherlands, America can see a relaxed treatment as the government has with Donald Trump Pro-Crypto and Pro- The pricy course was taken publicly to reject CBDC.
The sanctions against tornado cash were lifted in the US in February, which was observed as a win for the Crypto community and the community of privacy supporters. This may be an indication that the US will give the champion to the loose regulation of the crypto mixer. However, justice is very early.
Nevertheless, as recent hacking, crypto mixers continue to prevent the work of law enforcement of cyber criminal. AllegedlyCrypto’s billions of local nuclear missiles stolen by North Korean hackers were spent.
Some developers try to find an ideal balance between providing personal transactions and fighting criminals. Rail gun platform Vitalk supported by Buterin An example of a platform to follow this balanced approach in 2024.
However, despite Railgun’s innovative approach, eggs report that this platform was successfully used in the past by the Lazarus Group.
Generally, we will look at two trends in the near future, following its steps with the US and countries, trying to leave the Crypto Mixer as they are, and the rest of the world is especially with such platforms Is strict.
