The United Nations (UN UN ELLCCCC) said that the criminal communities of Asia use illegal mining as a tool to expand their activities and launder tens of billions of dollars.

The report “Fracture Moment: the global consequences of the activities of fraudulent centers, underground banking and illegal online markets in Southeast Asia”, it is indicated how criminal syndicates organize entire ecosystems with the help of cryptocurrency mining, exchanges and stabilcoins.

“This criminal system increasingly uses illegal mining, which spreads like a cancer tumor as a powerful tool for laundering income. The authorities treat him in one place, but the roots never disappear, but simply migrate. Mining allows criminals to create “clean” digital assets. In a number of countries such as Libya, such farms caused massive power outages, ”said Benedikt Hofmann, the acting acting to the regional representative of UNP UNP.

According to analysts of UN UN UNP, mining cryptocurrencies is extremely important for criminal communities, as it helps them avoid supervision from international bodies to launder money.

Special attention in the report is paid to the Huione Guarantee site, renamed Haowang, through which $ 24 billion in cryptocurrencies has passed since 2021. The platform has become a key hub of underground crypto economics used by scammers to spread their influence in the world.

To solve the problem, UN analysts called for urgent international actions by developed countries in order to prevent the further spread of the influence of organized cyber residents.

Earlier, experts of the Dappradar analytical platform reported that from January to April the crypto industry lost about $ 6 billion due to fraudulent liquidity output schemes.