What Are Crypto Mixers and How Do They Work?

There are alternatives to mixers, including privacy-oriented cryptocurrencies, such as monero, that use stealth addresses, among other measures, to hide the sender, receiver and amount per transaction. Privacy wallets like Wasabi Wallet, which generates a new address for every transaction, can also be used to facilitate private transactions, though Elliptic previously reported that at least 13% of all proceeds from crime in bitcoin, roughly $160 million, were sent through privacy wallets in 2020.

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