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This tactic seeks to overwhelm compliance analysts, regulation enforcement, and blockchain analysts by carrying out thousands of transactions, each by DEXs and wallet-to-wallet transfers. After here the costly efforts to hide the transaction trail, the ultimate purpose of this process might be to transform the funds into fiat currency, or currency issued by a governing administration like the US dollar or even the euro.
The corporate was Started in 2017 in China but moved its servers and headquarters out from the country upfront with the Chinese govt's ban on copyright buying and selling in September 2017.}