An open source investigation analysing 164 documented cases reveals how cryptocurrency has been used to launder at least $350 billion globally, exposing sanctions evasion networks linked to Russia, North Korea and Iran.

Open-source intelligence and public blockchain data have helped uncover what researchers describe as a massive illicit financial ecosystem operating through cryptocurrency markets.
A new study estimates that at least $350 billion has been laundered globally through cryptocurrency between 2005 and 2025, though researchers warn the true figure is likely…