Analyst: Criminals Use 'Monopoly Mining' to Launder Bitcoin Money

According to Decrypt on September 6, hackers used "monopoly mining" to launder Bitcoin, according to a report released Friday by Elias Strehle, Ph.D., of the Blockchain Research Laboratory, and Lennar Ante, a university researcher. from Hamburg. The premise is that the violator must erase millions of bitcoins, send bitcoins to a monopoly miner they control, and force the miners to pay high fees. Then the specialist specializes in these expensive transactions and exchanges the received bitcoins to exchange cryptocurrency for fiat currency. It seems legitimate based on Bitcoin's mining income. Scientists say the monopoly market is hard to find and solve, and it already exists.