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by sjsdaiuasgdia 1381 days ago
It's worth noting your second reference only mentions illicit activity volume in passing, linking to this study as a source: https://blog.chainalysis.com/reports/crypto-mixer-criminal-v...

It's also worth noting the headline of that link: "Crypto Mixer Usage Reaches All-time Highs in 2022, With Nation State Actors and Cybercriminals Contributing Significant Volume"

Quoting from later in that study, "Overall, if we label cybercriminal organizations with known nation state affiliations, we can see that these groups make up a significant and growing share of all illicit cryptocurrency sent to mixers."

It's not 10-30% as you summarized. It's 12% last year increasing to 23% this year, or nearly doubling from a 1/8 to 1/4 share.

This source does not support the position that illicit traffic is an insignificant share of mixer traffic.

2 comments

There is no doubt known cyber criminals and enemies of the US are using this tool. The question I raised is: what percentage of illicit activity is acceptable? If the E2EE chat app Matrix facilitates 10-30%, should it also be considered a primarily criminal tool worthy of a sanction?
I will point out that of the 170 or so nations recognized widely on Earth right now.. many or most have changed borders substantially, pretty recently.. and almost every one has changed leadership and political control. The concept of a Nation being illegal somehow is related to markets control and military alliances.. I am not convinced that individuals from the three or four major world powers get to declare whole nations with different law, to simply be illegal.