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According to the latest report published by security blockchain company Peckshield, more than $1.4B of laundered money have been moved to crypto trading platforms so far this year.

After analyzing both online and offline data for more than a year, the company has identified over 100 million transactions and more than 50 million wallets.

The company has found with the help of the digital asset tracking platform CoinHolmes that 147,000 Bitcoins (about $1.4B) in laundered money have been mored to crypto exchanges during 2020.

In particular, the source of these funds appears to be illicit, as they are reportedly related to hacks, the dark web economy and gambling, among other activities.

According to the research company, most of the funds have been moved to popular exchanges such as Huobi, Binance, OKEx, ZB Gate.io, BitMEX, Luno, HaoBTC, Bithum and Coinbase.

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