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Stolen billions from errant mouse clicks: Crypto requires new approaches to attack money-laundering

By Aaron Arnold | July 11, 2022

An electronic screen inside a BitBase cryptocurrency exchange in Barcelona, Spain, displays the crash of stablecoin TerraUSD and its sister token Luna. Image courtesy Angel Garcia/Bloomberg via Getty Images

Stolen billions from errant mouse clicks: Crypto requires new approaches to attack money-laundering

By Aaron Arnold | July 11, 2022

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References

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Bartlett, J. 2022. “Following the Crypto: Using Blockchain Analysis to Assess the Strengths and Vulnerabilities of North Korean Hackers.” Washington, D.C.: Center for a New American Security. https://s3.us-east-1.amazonaws.com/files.cnas.org/documents/BlockchainAnalysisEES.pdf.

Beales, R., and Cyran, R. 2011. “Virtual Inflation.” The New York Times. May 30. http://search.proquest.com.ezp-prod1.hul.harvard.edu/newspapers/may-30-2011-page-b2-n/docview/1931801165/se-2?accountid=11311.

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Justice Department Press Release. 2022a. “Two Arrested for Alleged Conspiracy to Launder $4.5 Billion in Stolen Cryptocurrency.” US Department of Justice. February 2. https://www.justice.gov/opa/pr/two-arrested-alleged-conspiracy-launder-45-billion-stolen-cryptocurrency.

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Muyao, S. 2022. “Crypto Mixer Tornado Cash Says Sanctions Can’t Apply To Smart Contracts.” Bloomberg., March 10. https://www.bloomberg.com/news/articles/2022-03-10/crypto-obfuscator-tornado-says-sanctions-cant-affect-smart-contracts.

Nayib, B. 2021. “Welcome to the Future.” Tweet. [@nayibbukele]. Twitter. https://twitter.com/nayibbukele/status/1401327906178191366.

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