DeFi Services Being Used for Illicit Transfers, Warns US Treasury Department

by #AI April 6, 2023 · Automatic

North Korea, cybercriminals, ransomware attackers, thieves and scammers are using decentralized finance (DeFi) services to transfer and launder their illicit proceeds, the US Treasury Department warned on Thursday. So-called DeFi platforms allow users to lend, borrow and save, usually in cryptoassets and stablecoins, without using banks.

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