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      SlowMist founder Cos stated that cross-chain liquidity protocol Chainflip is indeed making...

      SlowMist founder Cos stated that cross-chain liquidity protocol Chainflip is indeed making significant efforts to block North Korean hacking groups from laundering stolen funds, but unfortunately, AML and KYT solutions are lagging behind the speed of the attackers' laundering operations. The laundering syndicates employ automated tools to split substantial funds into smaller amounts and bridge them across multiple blockchains; if intercepted, flagged by risk controls, or refunded, they immediately pivot to the next laundering route. Ultimately, these proceeds are converted into Bitcoin and further obfuscated via CoinJoin.

      Source: Wu Blockchain
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud