Research: “the use of bitcoin mixers by darknet users has increased significantly»

According to a study by the analytical service Bitfury Crystal, in the first quarter of 2020, users of the darknet began to use bitcoin transaction mixing services more often.

Analysts note that in dollar terms, the volume of funds passing through bitcoin mixers increased by 294%. Growth began in the third quarter of 2018, but the really sharp increase occurred in the fourth quarter of 2019 and in the first quarter of 2020.

“The number of bitcoins listed on mixers by darknet users has increased from 790 BTC in the first quarter of 2019 to 7,496 BTC in the first quarter of 2020. In US dollars, a similar increase is noticeable – from $3 million to $67 million. The data points to the rapid adoption of mixing services by darknet users, ” the researchers write in their report.

The data was obtained from tracking “both direct and indirect transactions between clusters belonging to organizations from the darknet, as well as objects that do not belong to the darknet”.

“Based on our research, we can conclude that exchanges that require user identification are becoming less popular for organizations to withdraw funds from the darknet. But mixing services are gaining popularity, ” the analysts concluded.

Earlier, the analytical firm Elliptic reported that the number of transactions related to illegal activity using bitcoin has decreased to 1%.