Rapid Crypto Laundering Exposes CEX Security Flaws

Recent reports highlight that stolen cryptocurrencies are being laundered within minutes, frequently before the hacks are publicly announced. This rapid laundering indicates significant vulnerabilities in centralized exchanges (CEXs), exposing risks related to security and compliance lapses. The swift movement of illicit funds complicates efforts to trace and recover stolen assets, underscoring the need for enhanced security measures and improved detection systems within these platforms. As this trend continues, it fosters an environment where malicious activities may become more prevalent if exchanges do not adopt more robust safeguards.