While the DOJ highlighted that “mixing and tumbling services” would be a particular focus for the agency, it did not specifically mention anything in regard to DeFi platforms at the time.
Choi, who also recently spoke at the Financial Times Crypto and Digital Assets Summit, reaffirmed that the DOJ is after crypto firms that either commit the crime or turn a blind eye to"obscure the trail of transactions." She noted: “The DoJ is targeting companies that commit crimes themselves or allow them to happen, such as enabling money laundering.”
She explained that by going after the source, the platform itself, it will have a “multiplier effect” in terms of stopping “criminal actors to easily profit from their crimes.” Choi further emphasized the “scale and the scope of digital assets being used in a variety of illicit ways” has grown significantly over the last four years.Decentralized Finance Total Value Locked . Source:
Choi said it was a “pretty significant issue” for the DOJ, given North Korean “state-sponsored hackers” have emerged as “key actors in this space.” North Korean hackers stole between $630 million to $1 billion of crypto assets in 2022, Cointelegraph reported in February.
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