Chainalysis

The scandal-plagued LIBRA token saw approximately $99 million worth of invested liquidity withdrawn by entities tied to the cryptocurrency’s creator, according to a media report on Wednesday. What Happened: Blockchain research firm Chainalysis discovered that eight cryptocurrency...

The cryptocurrency industry has seen a significant increase in North Korean state-sponsored hackers intensifying their efforts to pilfer digital assets over the past year. These sophisticated cyberattacks have resulted in billions of dollars in losses, raising serious questions about the security...

The value of digital assets stolen through hacks and other cybercrime has skyrocketed 84.4% in 2024, with over $1.58 billion worth of cryptocurrency being stolen through July, according to a new report. What Happened: According to Chainalysis, while overall illicit activity in the cryptocurrency...

Contrary to the previous year’s decline, 2023 saw ransom payments made in cryptocurrency reach a staggering $1.1 billion, marking a new record. This surge in ransom payments was primarily driven by an increased number of high-profile infrastructure and institution attacks. What Happened: As...

In 2023, Kim Jong Un‘s North Korea-linked hackers targeted a record number of cryptocurrency platforms, stealing over $1 billion in assets, according to a recent report. What Happened: The blockchain analytics firm Chainalysis reported that North Korea-affiliated hackers attacked 20...

The majority of cryptocurrency transaction volume, roughly 99.6%, is used for legal purposes. That's according to a new crypto crime report by blockchain analytics firm Chainalysis, which found that the total value of cryptocurrency sent to illicit addresses dropped to $24.2 billion in...

Regulators have been slow to introduce legislation around crypto assets for over a decade due to the cryptocurrencies being built on decentralized technology — but this is changing. Cryptocurrency compliance is an extremely critical part of the sector and many industry players are beginning...

The fervor surrounding cryptocurrencies continues to grow, with North America spearheading institutional activity in the crypto sector. A research report by Chainalysis reveals that 76.9% of North America's cryptocurrency transaction volume is spurred by transfers of $1 million or more. This...

A Turkish court sentenced Faruk Fatih Ozer, the former head of the Thodex cryptocurrency exchange, to a staggering 11,196 years behind bars. The court's decision, announced this Thursday, was based on multiple charges, including aggravated fraud, money laundering, and heading a criminal group,...

In a significant development, Chainalysis, a major player in blockchain analysis, has announced its acquisition of Transpose, a blockchain data and infrastructure company. The acquisition is aimed at streamlining the construction of applications using Web3 data, improving user experiences in...

In a bid to combat sanctions evasion using cryptocurrency, the IRS criminal investigation division has announced its collaboration with blockchain analytics firm Chainalysis and Ukrainian investigators. The joint effort aims to identify Russian individuals who might be using digital assets to hide...

A report funded by the European Commission has urged stricter identity verification for users of cryptocurrency exchanges in an effort to combat the increasing use of darknet marketplaces for purchasing illegal substances. The study, commissioned by the European Union's European Monitoring...

Cybercriminals had a record-breaking year in 2022, stealing an estimated $3.8 billion in digital assets, according to a new report from blockchain forensics firm Chainalysis. What Happened: The report states that cybercriminals made DeFi platforms their primary target in 2022, accounting for $...

Sanctions on Tornado Cash, a decentralized mixing service on the Ethereum (CRYPTO: ETH) blockchain, by the United States Office of Foreign Assets Control (OFAC) had a significant impact on the platform, with inflows to the service falling by 68% in the 30 days following its...

When cryptocurrencies first started gaining the attention of mainstream investors in early 2017, a number of crypto pundits were quick to claim that they could act as an effective hedge against inflation. Citing the limited token supply of cryptocurrencies like Bitcoin (CRYPTO: BTC) as the chief...