Wild West.

The ‘Wild West’ of crypto-related heists and movement of stolen funds off cryptocurrency networks will settle down by 2024.

Transparent blockchains are much easier platforms for tracking criminal payments than fiat, siloed legacy payment systems.

Today, about 23 blockchains make up about 99% of all blockchains’ market cap. That means effective anti-blockchain-fraud systems must integrate with just 23 totally transparent platforms rather than thousands of enterprise systems and payment networks.

As rapidly advancing ‘blockchain intelligence’ and ‘fraud prevention’ tools are increasingly being adopted, it’s becoming harder to use cryptocurrency for criminal purposes.

Thanks for sharing Avivah, an interesting read.