Laundering & Obfuscation
45 notesHow illicit funds are laundered and obfuscated, and how to break them. Includes the mixers deep-dive.
Jump to any note in this section:
Concepts
Principles
| Note |
|---|
| Single Indicator Is a Lead, Not Proof |
Frameworks
| Note |
|---|
| Breaking Obfuscation: Five-Part Strategy |
| Deposit-to-Exit Flow by Service Type: Where Funds Re-Emerge and How to Find Them |
| Why Threat Actors Obfuscate: Five Motivations |
Checklists
| Note |
|---|
| Cross-Chain Obfuscation Categories |
| Off-Chain Behavioral Red-Flag Checklist |
| On-Chain Laundering Pattern Catalogue |
| On-Chain Obfuscation Categories |
Cautions
| Note |
|---|
| Monero Is the Practical Ceiling of On-Chain Attribution |
Worked examples
| Note |
|---|
| Case: Tornado Cash Round-Trip Resolved by Address Reuse |
Reference
| Note |
|---|
| Operational Tracing Runbook: Live Mixers Bridges and No-KYC Swaps |
Mixers & Tumblers deep-dive
A dedicated subsection. Open the Mixers & Tumblers overview, or jump straight in:
Concepts
| Note |
|---|
| Impact of Mixers on Financial Institutions and the Ecosystem |
| Legal and Regulatory Landscape for Mixers |
| Types of Mixers and Tumblers |
| Why People Use Mixers and Tumblers |
Definitions
| Note |
|---|
| Mixers and Tumblers |
Principles
| Note |
|---|
| Mixer Operators Are Identified Off-Chain |
| Mixers Make Funds Harder to Find, Not Invisible |
Frameworks
| Note |
|---|
| What Mixers Hide and How Blockchain Analysis Uncovers It |
Workflows
| Note |
|---|
| How Mixers Process Funds |
Tactics
Checklists
| Note |
|---|
| Best Practices for Institutions Handling Mixer Risk |
| How Blockchain Analysis Detects Mixing Activity |
| Mixing Activity Red Flags |
Reference
| Note |
|---|
| Custodial Mixer Feature Landscape (2025 Survey) |
Last updated on