These exchanges bypassed most of the rules and regulations required by licensed crypto exchanges.
The banner also warns that operating an unlicensed money service business and facilitating money laundering is a federal crime.
This helped cybercriminals to launder their pilfers without being tracked by law enforcement.
Many of these services are advertised on online forums dedicated to discussing criminal activity.
Currently, the investigation is ongoing to identify those involved in laundering money through the crypto exchange services.
Keep watching this space for more updates!
source: www.techworm.net
