Study: Exchanges Accepted $1.3 Billion in Bitcoin Stemming from ‘High-Risk Addresses’


A recently published report from the research and analysis firm Peckshield indicates that during the last two quarters of 2020, cryptocurrency exchanges accepted 147,000 BTC ($1.3 billion) from high-risk addresses.

During the last few years, blockchain research and surveillance firms have been classifying “risk levels” to specific transactions stemming from suspicious addresses and wallets. For instance, certain bitcoin addresses could be on a country’s sanctions list, used on a darknet marketplace, siphoned from an exchange breach, or used in any type of criminal activity.

According to a report from the Chinese crypto analytics company, Peckshield, global exchanges allowed deposits of up to 147,000 BTC ($1.3 billion) from high-risk addresses in the first half of 2020.


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