The KuCoin thief's exploits reveal the cutting edge of digital money laundering

Quick Take

  • After getting blocked by centralized exchanges, the KuCoin thief turned to DEXs to convert stolen tokens into ETH.
  • In recent days the thief has used a second decentralized tool to throw investigators off the money trail.
The KuCoin heist was the third-largest exchange hack in history. But more interesting is the way the thief is trying to launder the cash.

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