1 In 5 Cross-Chain Crypto Investigations Involve More Than 10 Blockchains, Elliptic Finds
Crypto criminals are taking increasing pains to evade detection, moving assets between a multitude of blockchain ecosystems in an effort to throw investigators off their trail. A full 20% of complex cross-chain investigations now span more than 10 different blockchains, according to new data from blockchain analytics firm Elliptic.
Elliptic found that a third of complex cross-chain investigations involved four or more blockchains, and 27% involved more than five.
Jackson Hull, Elliptic’s chief technology officer, told CoinDesk that though cross-chain crime has existed as long as there have been multiple blockchains, the volume of cross-chain crime has increased “pretty dramatically” over the last five years as the cost of switching…
