The latest report suggests that cryptocurrency-based crime hit a new all-time high in 2021, with “illicit addresses receiving $14 billion over the year, up from $7.8 billion in 2020,” which amount was...
Tag: Chainalysis
P2P payments have become more popular in Venezuela – Chainalysis
TL;DR Breakdown • The Latin country has supported crypto-mining since the rise of Bitcoin in 2021.• Venezuela accepts P2P payments in Bitcoin, USDT, and Dash. Venezuela is noted as one of the countrie...
Crypto Ransomware Tallied at Least $602M But Actual Figures Could Be Higher: Chainalysis
Chainalysis has identified more than $602 million worth of ransomware payments in 2021. But the firm is confident that the figure is still an “underestimate” and that the true total for the year is li...
Ransomware Payments Hit At Least $600M in 2021: Chainalysis Report
As of 2021, the number of ransomware cryptocurrency payments nearly doubled, hitting an estimated $602 million, according to Chainalysis. In its latest report published on February 10, Chainalysis not...
Ransomware Payments in 2020 Were Nearly Double Initial Chainalysis Estimates
Chainalysis updated its estimate of 2020 ransomware payments from $350 million to $692 million, with an initial estimate of $602 million for 2021. In its latest report, Chainalysis noted that it updat...
Ransomware crypto payments hit at least $602M last year: Chainalysis
A new report estimates that ransomware payments tallied at least $602 million in 2021 — but the actual total could be much higher. Blockchain analysis firm Chainalysis released new data on Feb. 10 ab...
Ransomware Payments in Bitcoin and Other Crypto Hit at Least $600M in 2021: Chainalysis
In brief For now, Chainalysis estimates $602 million in ransomware payments from 2021—less than for 2020. But it expects the final number to rise substantially. Chainalysis—a blockchain data firm—has ...
Chainalysis Detects ‘Significant’ Wash Trading Using NFTs – News Bitcoin News
Chainalysis, one of the leading blockchain and cryptocurrency auditing firms, has issued a report indicating signs of significant wash trading activity involving NFTs. In these operations, some actors...
NFTs Sees Increase in Manipulative Trading Practices: Chainalysis
Non-fungible tokens (NFT) have witnessed a rise in malpractices as the sector turns increasingly volatile, blockchain analytics platform Chainalysis reported. The platform published a report that said...
Chainalysis report finds most NFT wash traders unprofitable
Nonfungible tokens (NFT) have taken the world by storm, resulting in mainstream interest and greater adoption of cryptocurrency. According to blockchain analysis firm Chainalysis, NFT popularity skyro...
Market Intelligence Firm Chainalysis Issues Warning Over Murky Trading Practices in Nascent Crypto Sector
New data from crypto insights firm Chainalysis reveals that wash trading may be artificially inflating the value of non-fungible tokens (NFTs). In a new report, the market intelligence firm finds that...
Chainalysis acquires DC-based data and consultancy firm Abaxx
advertisement On February 3, leading cryptocurrency forensics firm Chainalysis announced that it has acquired Abaxx, a government consultancy firm. Based in Great Falls, Virginia, Abaxx touts its mana...
Millions Of Dollars Laundered Through NFTs — Chainalysis Reports ⋆ ZyCrypto
Advertisement     One of the biggest arguments popular crypto opponents have against decentralization and anonymity in Bitcoin and other cryptocurrencies is the potent...
Unscrupulous traders made $8.9M via wash trading NFTs, says Chainalysis data
TL;DR breakdown NFT sellers are suspected of making hundreds of wash deals More than $44 billion (£32 billion) worth of bitcoin was sent to NFT-related smart contracts last year Non-fungible tokens (N...
New Chainalysis Report Suggests NFT Crime Doesn’t (Always) Pay
“It’s not a very good idea to get into crime in NFTs because it’s expensive,” said Kim Grauer, Chainalysis’ head of research. “It’s hard to guarantee you’ll be profitable if yo...
‘Significant’ Wash Trading, Money Laundering in NFT Market: Chainalysis
Chainalysis—a blockchain analytics platform—has found “significant” evidence of wash trading and money laundering in the emerging NFT market. “As is the case with any new technology, NFTs offer poten...
Money Laundering Accounts for Less Than 1% of All Crypto Transactions Last Year: Chainalysis Report
New data from Chainalysis reveals that while money laundering schemes involving digital assets rose last year, they still comprise a tiny fraction of overall crypto transactions. In a new report, the ...
Chainalysis report says $8.6B was laundered through crypto in 2021
The crypto sector continues to attract bad actors due to its anonymous nature. Governments have been working hard to develop regulations that will curb the use of cryptocurrencies for money laundering...
Chainalysis: Crypto Money Laundering Is Still a Big Deal
According to a new document published by blockchain analysis firm Chainalysis, nearly $9 billion in crypto funds were laundered last year by cybercriminals. Overall, as much as $8.6 billion was placed...
Crypto Weekly Roundup: Wonderland CFO Controversy, Chainalysis Report, OpenSea Bug, Biden’s Executive Order, And More
The biggest news in cryptocurrency, especially DeFi, is the Wonderland controversy. It looks like the CFO Sifu is actually the notorious Michael Patryn. The community is concerned that this controvers...
Criminals Laundered $8.6 Billion Worth of Crypto in 2021: Chainalysis Report
The blockchain-based data platform – Chainalysis – estimated that the total cryptocurrency value laundered in 2021 was $8.6 billion – 30% more than 2020. According to the company, though, such an incr...
Chainalysis report reveals $8.6 billion in crypto laundered in 2021, more than 2020
Crypto crime can be a controversial subject, as the often unregulated nature of the asset makes it easy to accuse investors and entrepreneurs of money laundering – while missing out on real scammers a...
DeFi Becomes Popular Tool For Money Laundering: Chainalysis
The Chainalysis Crypto Crime Report 2022 has observed that DeFi protocols contributed to a significant 37% of all crypto scam revenue in 2021, becoming the preferred tool for money laundering by cyber...
Money laundering 0.05% of all crypto transactions in 2021: Chainalysis report
Every year since 2017, blockchain analysis company Chainalysis publishes a report focusing on money laundering and illicit transactions going through the cryptocurrency ecosystem. This year’s report s...
Money Laundering Picks Up Steam on DeFi Protocols: Chainalysis
And DeFi is not the only crypto-related money laundering method on the rise: Mining pools, high-risk exchanges and mixers also received an increased amount of crypto from wallets tied to criminal acti...
Money laundering via crypto rose 30% in 2021, with DeFi laundering up 20x: Chainalysis
New research from blockchain forensics firm Chainalysis finds that money laundering in crypto grew from $6.6 billion to $8.6 billion between 2020 and 2021. While centralized exchanges with weak know-y...
DraftKings Alumni Launch 186 Ventures, A $37 Million Early-Stage Fund
Giuseppe Stuto (left) and Julian Fialkow (right) launched 186 Ventures after reaching an inflection … [+] point in their careers and angel investing. Evgenia Eliseeva In a capital-flush market, ...
Chainalysis exposes simple malware stealing millions in crypto
Chainalysis, a blockchain analytics firm, has released a report regarding malware targeting the crypto sector. The report noted that cybercriminals were using ‘less sophisticated malware to attack ind...
Individual Crypto Hacks Done by Using Malware from Darknet: Chainalysis
Over the last few years, hackers have been actively stealing smaller amounts of cryptocurrency from individual users using malware available on the internet or darknet, Chainalysis reported. For indiv...
Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says – Featured Bitcoin News
Indians visited crypto scam websites nearly 10 million times last year, according to blockchain data analytics firm Chainalysis. The top crypto scam sites alone were visited 4.6 million times by India...
Chainalysis: North Korea Stole a Lotta Crypto Last Year
A new report from blockchain analysis firm Chainalysis suggests that in the year 2021, North Korea stole as much as $400 million worth of cryptocurrency. As many as seven separate attacks were launche...