Birdwatch Archive

Birdwatch Note

2023-12-06 18:45:05 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

Less than 1% of the trillions transacted annually in crypto are illicit. The UN estimates that annually between 2% to 5% of global GDP ($800 billion - $2 trillion) is used for illicit activities and money laundering through the traditional banking system and cash. https://www.oodaloop.com/archive/2023/10/08/crypto-fraud-is-less-than-1-of-the-annual-3-2-trillion-in-illegal-activity-in-the-traditional-fiat-monetary-system/ https://hkibfa.io/wp-content/uploads/2023/02/Crypto_Crime_Report_2023.pdf https://www.unodc.org/unodc/en/money-laundering/overview.html https://www.binance.com/en/blog/ecosystem/the-crypto-money-laundering-myth-and-the-machine-working-overtime-to-sell-a-false-narrative-421499824684903964

Written by 76646009D4F230C7854A82F7D4642D80AA8C189047338E212E3FEAA01B800717
Participant Details

All Information

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• noteId - 1732471239325728952
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• noteAuthorParticipantId - 76646009D4F230C7854A82F7D4642D80AA8C189047338E212E3FEAA01B800717 Participant Details
• createdAtMillis - 1701888305873
• tweetId - 1732450267348582655
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
• believable -
• harmful -
• validationDifficulty -
• misleadingOther - 0
• misleadingFactualError - 1
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• summary
• Less than 1% of the trillions transacted annually in crypto are illicit. The UN estimates that annually between 2% to 5% of global GDP ($800 billion - $2 trillion) is used for illicit activities and money laundering through the traditional banking system and cash. https://www.oodaloop.com/archive/2023/10/08/crypto-fraud-is-less-than-1-of-the-annual-3-2-trillion-in-illegal-activity-in-the-traditional-fiat-monetary-system/ https://hkibfa.io/wp-content/uploads/2023/02/Crypto_Crime_Report_2023.pdf https://www.unodc.org/unodc/en/money-laundering/overview.html https://www.binance.com/en/blog/ecosystem/the-crypto-money-laundering-myth-and-the-machine-working-overtime-to-sell-a-false-narrative-421499824684903964