Analytics Firm Elliptic Says RenBridge Was Used to Transfer $540M of Illicit Crypto Funds

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“We believe that the use of RenBridge was part of the laundering process,” Tom Robinson, co-founder and chief scientist at Elliptic, told CoinDesk in an emailed statement, adding that the obfuscation and layering achieved by passing the assets through RenBridge aided in concealing the illicit origin of the funds.



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