Search Query: #darknet

He converted bitcoin to other forms of cryptocurrency, including anonymity-enhanced cryptocurrency (AEC), in a practice known as “chain hopping”; deposited a portion of the criminal proceeds into cryptocurrency mixing services, such as Bitcoin Fog, Helix, and ChipMixer; used U.S.-based business accounts to legitimize their banking activity; and exchanged a portion of the stolen funds into gold coins, which Morgan then concealed by burying them.

Roughly a quarter of all incoming transactions went into Europe in 2015 and 2016, but 38 percent and 57 percent of all illicit transactions, respectively, went to European services during those years. Thus, Europe hosted a disproportionate amount of illicit activity compared to any other region of the world