>The Coin Laundry exposes how cryptocurrency companies have empowered a shadow economy that lavishly profits from crime. Led by the International Consortium of Investigative Journalists, the groundbreaking cross-border investigation reveals how many of these companies make money off the proceeds of scams, theft and other crimes — while those harmed are left with little hope of justice.
>Over 10 months of reporting, ICIJ and 37 media partners in 35 countries gathered hundreds of cryptocurrency wallet addresses, which are analogous to bank account numbers, linked to known illicit activity. Journalists collected them from scam victims, sanctions lists, police reports, court records, complaints filed with Seychelles’ financial regulator and from test transactions with crypto services, among other sources. Reporters then disentangled tens of thousands of transactions recorded across public blockchains to expose the global financial flows behind money laundering networks, cyber heists and other criminal enterprises.
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>The Coin Laundry exposes how cryptocurrency companies have empowered a shadow economy that lavishly profits from crime. Led by the International Consortium of Investigative Journalists, the groundbreaking cross-border investigation reveals how many of these companies make money off the proceeds of scams, theft and other crimes — while those harmed are left with little hope of justice.
>Over 10 months of reporting, ICIJ and 37 media partners in 35 countries gathered hundreds of cryptocurrency wallet addresses, which are analogous to bank account numbers, linked to known illicit activity. Journalists collected them from scam victims, sanctions lists, police reports, court records, complaints filed with Seychelles’ financial regulator and from test transactions with crypto services, among other sources. Reporters then disentangled tens of thousands of transactions recorded across public blockchains to expose the global financial flows behind money laundering networks, cyber heists and other criminal enterprises.