On March 7, 2025, the US Department of Justice (DOJ), in an operation alongside authorities in Germany and Finland, announced the disruption of Garantex, a Russia-based cryptocurrency exchange allegedly known for its deep ties to the global cybercrime economy. This coordinated effort resulted in the… Read More
A recent report from blockchain security and analytics firm Chainalysis highlights the escalating threat of damaging cyberattacks in the web3 and cryptocurrency sector and offers an extensive blueprint for virtual currency exchanges to strengthen their defenses against these malicious activities. The research report leverages insights… Read More
On Friday, February 21, 2025, the cryptocurrency ecosystem was rocked by one of the largest hacks in its history: a meticulously executed theft of nearly $1.5 billion worth of Ethereum tokens (and some other cryptocurrencies) from Bybit, a prominent crypto exchange. Although many of these… Read More
The blockchain and crypto ecosystem last year was marked by significant illicit activity, with sanctioned entities and jurisdictions playing a major role, according to Chainalysis’s latest report, entitled “2025 Crypto Crime Trends: Sanctions.” The blockchain analytics firm reveals that $15.8 billion in crypto flowed to… Read More
Chainalysis explained that Virtual Asset Service Providers (VASPs) play a crucial role in the cryptocurrency landscape by providing services that facilitate the use and “adoption of digital assets by retail and institutional customers alike.” From exchanges to custody providers to payment processors, VASPs are helping… Read More
A recent case involving Frank Richard Ahlgren III, a Texas resident, has marked a significant milestone in the realm of cryptocurrency taxation, according to an update from Chainalysis. Chainalysis noted in a report that in December 2024, Ahlgren was sentenced to two years in prison… Read More
In recent years, cryptocurrency has become increasingly more mainstream, the team at Chainalysis noted. Although illicit activity on-chain previously revolved heavily around cybercrime, Chainalysis pointed out that cryptocurrency is now also being used to “fund and facilitate all kinds of threats, ranging from national security… Read More
Crypto hacking remains a persistent threat, according to an update from Chainalysis which also noted that the four years in the past decade individually saw more than a billion dollars worth of crypto stolen (2018, 2021, 2022, and 2023). According to the research report from… Read More
Chainalysis has acquired Hexagate, the provider of web3 security solutions that detect and mitigate real-time threats including cyber exploits, hacks, and governance and financial risks. They are the top choice for chains, protocols, asset managers, and exchanges to “help keep their funds secure.” Hexagate leverages… Read More
Although stablecoins like Tether’s USDT and Circle’s USDC offer considerable benefits to the financial system, addressing their misuse by illicit actors is of the “utmost importance,” according to an update from Chainalysis. Chainalysis explained that it serves a critical role in proactively “assisting in the… Read More
Chainalysis are pleased to share the fifth annual Chainalysis Global Crypto Adoption Index. In each year’s report, they look at both on- and off-chain data “to determine which countries are leading the world in grassroots crypto adoption.” Chainalysis research highlights countries “where unique cryptocurrency use… Read More
Gurvais Grigg, a former Special Agent and senior executive for the Federal Bureau of Investigation (FBI) with 30+ years of public and private sector experience, is now serving as the Global Public Sector CTO at Chainalysis, where his work assists law enforcement (LE) and other… Read More
Stablecoins are dominating market share in the crypto ecosystem, as Bitcoin (BTC) continues to gain adoption. This, according to a report from Chainalysis which also noted that merchant services are now thriving in Central, Northern, and Western Europe. Central, Northern, & Western Europe (CNWE), the… Read More
North America remains the largest crypto market globally, with an estimated $1.3 trillion in on-chain value received between the time period of July 2023 and June 2024, accounting for around 22.5% of all such activity. This, according to an update from Chainalysis. The research report… Read More
On September 26, 2024, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Russia-based exchange Cryptex and Sergey Sergeevich Ivanov (a.k.a. UAPS a.k.a TALEON), who facilitated laundering “for fraud shops, ransomware payments, darknet markets, and other criminal actors.” Following these developments,… Read More
Chainalysis recently shared key insights from its 2024 Geography of Cryptocurrency Report. According to the Chainalysis research report, the MENA region ranks as the seventh-largest crypto market globally in 2024, with “an estimated $338.7 billion in on-chain value received between July 2023 and June 2024,… Read More
Eastern Asia is the sixth largest cryptocurrency economy in the world this year, accounting for 8.9% of global value received between July 2023 and June 2024. This, according to an update from Chainalysis. Chainalysis noted that the region received “more than $400 billion in on-chain… Read More
In the world of law enforcement, the ability to seize cryptocurrency has become crucial, according to an extensive update from Chainalysis. As digital currencies play a significant role in criminal activities, the stakes are “higher than ever.” Chainalysis also mentioned that missing even a single… Read More
Chainalysis has shared key insights focused on Russia’s cryptocurrency pivot as well as legislated sanctions “evasion.” In response to mounting financial pressures of Western sanctions, Russia enacted significant legislation “legalizing cryptocurrency mining and permitting the use of cryptocurrency for international payments.” Chainalysis added that the… Read More
Chainalysis has release the report entitled, 2024 Crypto Crime Mid-year Update Part 2: China-based CSAM and Cybercrime Networks On The Rise, Pig Butchering Scams Remain Lucrative. Key findings of the Chainalysis update: CSAM networks Reportings of China-based CSAM sites have increased since late 2023. A… Read More
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