"England's Crime Network Transferred Money to Russia via Crypto"

Major Blow to the Criminal Network in England

UK authorities announced that a large criminal network has been laundering its drug and human trafficking revenues through cryptocurrencies. It is alleged that some of these funds have been used to evade Russian sanctions and support military activities.

Results of Operation Destabilize

As a result of the efforts under Operation Destabilize, there have been 128 arrests and the seizure of assets worth over 25 million pounds. This includes digital assets identified through blockchain analyses.

Cryptocurrency and Transparency Tools

Chainalysis stated in an interview with Sky News that public blockchains have removed cryptocurrency from being "a sophisticated laundering instrument." This situation highlights the effectiveness of transparency tools in dismantling international criminal networks.