On-chain analytics firm Elliptic has released a new report titled “2022 State of Cross-Chain Crime Report.” According to the report, since 2020, cybercriminals have used DEXs, cross-chain bridges and non-KYC exchange services (known as token swaps) to transfer nearly $4 billion in funds related to illegal activities. The transfer of illicit assets accounted for $1.2 billion, nearly $750 million in illicit funds were transferred through cross-chain bridges, and illicit transactions through non-KYC cryptocurrency exchange services accounted for $1.2 billion. While these tools often have legitimate use cases, they are also increasingly being used to process funds related to theft, darknet services, currency mixing, scams and Ponzi schemes, ransomware, and more, Elliptic said.