How Do Cyber Criminals Launder Money?

This story was originally published on HackerNoon at: https://hackernoon.com/how-do-cyber-criminals-launder-money.
After cyber criminals steal or extort money, how do they actually spend it? Here are the ways these criminals clean dirty money.
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Criminals who don't want to get caught spending their ill-gotten gains must first clean their dirty money. Their money laundering techniques include money mules, fraudulent e-commerce sales, gig economy fraud, cryptocurrency exchanges, and buying and selling NFTs.