One specific method of hacking decentralized finance (DeFi) protocols is on the rise, according to blockchain data platform Chainalysis. In a new blog post, the market intelligence firm estimates that...
Tag: Chainalysis
Nearly $70,000,000 Worth of Crypto Donations Have Flowed Into Ukraine’s Government Wallets: Chainalysis
The Ukrainian government has received nearly $70 million in crypto donations since Russia’s invasion of the country one year ago, according to Chainalysis. The blockchain data platform says that the U...
Chainalysis: Crypto Crime Outlets Have Become Limited
Blockchain analysis firm Chainalysis says in a new report that crypto crime fighting has been effective to some degree. While the amount of crime hasn’t necessarily fallen in recent years, the fight a...
Nearly a Quarter of New Crypto Tokens Launched in 2022 Resembled Pump-and-Dump Schemes: Chainalysis
Nearly one in four new crypto tokens that launched in 2022 had on-chain attributes that resembled pump-and-dump scams, according to Chainalysis. The blockchain data platform notes in a new analysis th...
Chainalysis Report State 2022 as A Year of Crypto Thefts
Recently, a Chainalysis report mentioned that crypto theft rose last year as frauds, ransomware bounty fell. The report also states that 2022 was a year of crypto thefts. Chainalysis released “The 202...
Crypto crime and Darknet in line with Chainalysis-The Cryptonomist
Blockchain analytics firm Chainalysis has compiled a new report regarding crypto crime, crime involving cryptography, with a particular focus on Darknet marketplaces and fraud stores that have been fi...
Bittrex, Chainalysis & Protocol Labs Decides to Layoff Staff Amid Ongoing Crypto Winter
The news surrounding mass layoffs is very common to hear amid ongoing crypto winter. Now comes the turn of crypto exchange Biitrex, blockchain data firm Chainalysis and open-source software laboratory...
Protocol Labs, Chainalysis and Bittrex add to crypto layoff season
Several crypto firms have made job cuts this week amid the ongoing crypto winter, retaining “impactful” employees as they prepare for a “longer downturn.” At least 216 jobs were slashed between three ...
Hackers Stole $3.8 Billion From Crypto Firms in 2022, Says Chainalysis – Featured Bitcoin News
Blockchain analytics firm Chainalysis says 2022 was “the biggest year ever for crypto hacking,” with $3.8 billion stolen from cryptocurrency businesses. The firm added that decentralized finance (defi...
Hackers steal record $3.8B during 2022 – Chainalysis
Hackers stole roughly $3.8 billion in 2022, making it a record year for stolen digital assets, according to the latest report from blockchain analysis firm Chainalysis. According to the report, 82.1% ...
Chainalysis Announces Layoff Amid Prolonged Crypto Winter
9 hours ago | 2 mins read Bitcoin News Chainalysis is laying off around 44 of its 900 workers, or 4.8% of its staff. Kennedy assured investors that Chainalysis is “well capitalized.” As private sector...
Chainalysis to Dismiss 48 Employees, Prepares to Reorganize Structure
After a year of a prolonged crypto winter that’s seen former industry powerhouses lay off large swathes of their employees in a desperate bid to stay afloat, other firms are also feeling the squeeze, ...
North Korean Hackers Stole $1.7B Worth Crypto in 2022: Chainalysis
2022 can easily be considered the worst year when it comes to securing cryptocurrencies, as projects suffered a series of devastating hacks and exploits. According to the latest Chainalysis report sha...
Emerging markets dominate Chainalysis 2022 Geography of Cryptocurrency Report
The 2022 Global Crypto Adoption Index has released its third report indicating where the market may be heading in 2023. Key highlights from the report: “DeFi-driven cryptocurrency markets...
Ransomware crypto revenue declines as victims refuse to pay: Chainalysis
Crypto revenue extorted by ransomware attackers fell significantly in 2022, down 40.3% to $456.8 million from $765.6 million the previous year. The trend in reduced ransomware payments was clear...
Ransomware Payments Down by 40% in 2022 as per Chainalysis Report
22 mins ago | 2 mins read Bitcoin News Ransomware attackers stole at least $456.8M in 2022, down from $765.6M in 2021. Hackers usually demand money in exchange for returning control of a computer. As ...
Ransomware Revenue Drops Amidst Less Successful Extortion Attempts: Chainalysis
2022 has been a turbulent year. One good thing to come out of it is that – ransomware earnings are significantly down. Attacks on the crypto industry remain rampant. However, data suggests that victim...
Ransomware Payments ‘Significantly Down’ in 2022: Chainalysis
Ransomware payments are down 40.58%, according to a new report by blockchain forensics firm Chainalysis. In the report released Thursday, Chainalysis says ransomware attackers extorted at least $456.8...
Ransomware Revenue Drops as Victims Pay Less Often, Chainalysis Reports – Security Bitcoin News
While the number of ransomware hits may not have decreased significantly, the revenue from such attacks has fallen sharply last year, according to Chainalysis. The blockchain forensics firm believes t...
40% revenue drop in 2022 — Chainalysis
Ransomware victims have seemingly had enough of the extortion, with ransomware revenues for attackers plummeting 40% to $456.8 million in 2022. Blockchain intelligence firm Chainalysis shared the data...
Ransomware Variants Are on the Rise but Overall Gains Decline: Chainalysis
At the same time, the number of malicious programs attackers have been using to encrypt victims’ data “exploded in 2022,” the report reads. Cybersecurity firm Fortinet identified 10,666 new ransomware...
Illicit Crypto Transactions in 2022 Surpassed $20 Billion for the First Time: Chainalysis
Illegal financial transactions involving cryptocurrencies in 2022 have reportedly surged for a second consecutive year, tapping an all-time high of $20.1 billion. The previous record was in 2021, whe...
UAE AI Office joins forces with Chainalysis and ADCB to explore blockchain tech in banking
The UAE’s Ministry of Artificial Intelligence, Digital Economy and Remote Work Applications Office, in partnership with blockchain analytics firm Chainalysis, has set up a virtual training program for...
Worst Crypto Firm Failures Occured Before FTX, Says Chainalysis
The largest losses due to crypto firm failures this year actually occurred before FTX, according to a recent Chainalysis report. The dramatic development of the FTX scandal dominated headlines, as pol...
Chainalysis data reveals FTX collapse caused $9B in realized losses
FTX’s collapse resulted in around $9 billion in realized losses for crypto investors, according to a Chainalysis report. Chainalysis noted that this loss paled compared to Terra’s UST depeg, which cau...
Crypto markets hit harder by Terra, Celsius and 3AC than FTX: Chainalysis
The collapse of the crypto exchange FTX wasn’t the most impactful event for crypto investors this year — at least from a market-wide perspective. That award is shared by the de-pegging of Terra&...
Proactive sanctions can help spare the ecosystem: Chainalysis exec
As many countries, entities and even individuals face international sanctions, the crypto industry seeks to find its place among increasing regulations. Digital currencies have often been mentioned a...
Crypto has survived worse than the fall of FTX: Chainalysis
Blockchain analysis firm Chainalysis has compared the fall of Mt. Gox to FTX to determine how FTX’s bankruptcy will impact the ecosystem. It concluded that FTX was a relatively smaller part of the cry...
Crypto Survived MtGox and it Will Survive FTX: Chainalysis
On Nov. 24, analytics firm Chainalysis made the Mt.Gox comparison as it was not the first time the crypto world has been shaken due to an exchange demise. Mt.Gox was the first Bitcoin exchange, but it...
Chainalysis Confirmed as FTX Creditor in Bankruptcy Case
Analytics firm Chainalysis has announced that it is owed money in the bankruptcy proceedings for collapsed exchange FTX. In documents filed to bankruptcy court in Delaware on Wednesday, Chainalysis wa...
Chainalysis: Crypto Theft Exceeds $3 Billion in 2022
More than $3 billion in crypto funds have been stolen this year according to a new report issued by blockchain analysis firm Chainalysis. Chainalysis: Crypto Theft Has Reached a New High The crypto sp...