How Cybercrime Markets Launder Breach Proceeds and What Security Teams Miss

This analysis explains how large-scale data breaches are monetised and laundered into dollar‑pegged stablecoins: stolen credentials and card dumps are turned into cash via carding and account takeover, ransomware and extortion increasingly demand stablecoins, and proceeds are consolidated and obfuscated through exchanges, mixers, DeFi, bridges, and OTC/P2P off‑ramps. The report outlines market roles (brokers, money mules, crypto specialists), evolving attacker adaptations to enforcement pressure, and detection strategies for security, fraud, and AML teams to convert these behaviours into typologies and controls.