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Cyber Criminal Whales: The Rise of Crypto Syndicates

Are billion-dollar criminal wallets sourcing stolen funds from huge, hidden crypto crime networks?

So, where do most criminal wallet funds come from?

Over the last five years, there has been a significant increase in criminal balances in 2021, according to Chainalysis’ Crypto Crime Report 2022. In 2021, they held over 11 billion US dollars of digital assets sourced from suspected illicit addresses, a far cry from 2020's $3 billion.

Is Crypto Crime on the Rise?

The complexity and reach of crypto crime show syndicates may as well exist in the blockchain. The modern-day criminal is no longer a mobster with a tailored suit. It’s invisible, unseen.

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About Us

Neptune Mutual project safeguards the Ethereum community from cyber threats. The protocol uses parametric cover as opposed to discretionary insurance. It has an easy and reliable on-chain claim process. This means that when incidents are confirmed by our community, resolution is fast.

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Neptune Mutual

Neptune Mutual provides you with guaranteed stablecoin liquidity to reduce risk exposure by hedging against capital risks and smart contract vulnerabilities.