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Crypto mixers obscure blockchain links but do not guarantee privacy or remove legal risks

Crypto mixers obscure blockchain links but do not guarantee privacy or remove legal risks

Photo: CoinTurk News

Crypto mixers have been developed to make tracing cryptocurrency transactions more difficult on public blockchains. By pooling deposits from various users and redistributing funds to new addresses, these services attempt to mask the link between a sender and a recipient. However, experts emphasize that mixers obscure specific connections without removing all traces or histories of transactions. The fundamental process involves a user sending digital assets to a mixer or a specialized smart contract. These funds enter a communal pool containing cryptocurrencies from multiple sources.

Source: CoinTurk News

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