Chainalysis | ForkLog

ForkLog 203 09.09.2024

Leaked Chainalysis Video Suggests Monero Tracking Method

A leaked video from the analytics firm Chainalysis has sparked speculation that transactions of the privacy-focused cryptocurrency Monero (XMR) can be traced. The firm likely uploaded the video by mistake and quickly removed it. However, users downloaded and re-uploaded the material on YouTube. According to the description, the video was recorded back in August 2023. […]

AI translated

ForkLog 29 06.09.2024

Chainalysis: Russia’s Crypto Laws Aimed at Sanctions Evasion

In a new report, analysts at Chainalysis highlighted the adoption of “significant” laws in Russia that legalise mining and the use of cryptocurrencies for international payments. The company noted that the new direction represents a “significant departure” from the government’s previous stance, when in 2022 the Central Bank of Russia advocated for a complete ban […]

AI translated

ForkLog 31 01.09.2024

Chainalysis: Shift from Ponzi Schemes to ‘Pig Butchering’ in Crypto Crime

Cryptocurrency criminals have shifted their focus from complex Ponzi schemes to more targeted scams, such as ‘pig butchering’. This is according to a report by Chainalysis, as reported by The Block. ‘Pig butchering’ involves luring victims into purchasing supposedly promising digital assets. The perpetrator gains trust through social engineering and then steals the investor’s funds. […]

AI translated

ForkLog 19 16.08.2024

Chainalysis Reports Shift in Cybercriminal Focus from DeFi to Centralized Exchanges

In the first half of the year, cybercriminals stole nearly $1.6 billion in cryptocurrencies, increasingly targeting centralized exchanges (CEX), according to Chainalysis. ? Part 1 of our mid-year #cryptocrime update is here! ? Illicit on-chain activity dropped by nearly 20% YTD, but stolen fund activity is surging and ransomware payments are breaking records. Read our […]

AI translated

ForkLog 32 12.07.2024

Chainalysis Estimates $100 Billion in Laundered Cryptocurrency

Since 2019, crypto platforms have received digital assets worth approximately $100 billion from known illicit wallets, according to a report by Chainalysis. Our Money Laundering report reveals how bad actors now use crypto to launder funds from off-chain crimes — not just crypto-native crimes like ransomware. We explore advanced tracing techniques and how blockchain data […]

AI translated

ForkLog 31 03.05.2024

Tether and Chainalysis to Develop Secondary Market Monitoring Solution

Tether, the issuer of USDT, and security firm Chainalysis have entered into a partnership to create a system for tracking activity in the secondary market. According to the press release, this pertains to “transactions occurring within the broader USDT ecosystem beyond the limited liability organizations that directly buy and sell the stablecoin.” “The solution allows […]

AI translated

ForkLog 13 15.03.2024

Chainalysis Reports $37.6 Billion Profit for Cryptocurrency Investors in 2023

In 2023, cryptocurrency investors achieved a total profit of $37.6 billion, according to the analytics firm Chainalysis. This year proved significantly more successful than 2022, during which digital asset holders lost $127.1 billion. However, the record of $159.7 billion set in 2021 remained unbroken. Data: Chainalysis. Analysts noted that monthly figures remained relatively stable throughout […]

AI translated

ForkLog 15 08.03.2024

Chainalysis: $250 Million in Cryptocurrency Received by Precursor Suppliers Since 2015

The analytics firm Chainalysis identified thousands of wallets linked to illegal producers of drug ingredients. From July 2015 to February 2024, these wallets processed at least $250 million in various cryptocurrencies. Researchers found that approximately $100 million of this amount went to pharmaceutical factories in China. They believe the recipients of these transfers are shops […]

AI translated

ForkLog 35 15.02.2024

North Korean Hackers Turn to YoMix After Sinbad Sanctions

The North Korean hacking group Lazarus Group has increasingly turned to the cryptocurrency mixer YoMix following sanctions imposed on the Sinbad service, according to the analytics firm Chainalysis. They discovered that in 2023, the inflow of funds to YoMix increased fivefold, with about a third of the assets originating from wallets linked to cryptocurrency platform […]

AI translated

ForkLog 79 14.02.2024

Forbes Recognizes Three Crypto Firms Among Top 50 Fintech Companies

Chainalysis, Fireblocks, and Gauntlet have been included in Forbes’ list of the top 50 fintech companies for 2024. “Only three [firms] from the blockchain sector, recovering from major scandals and bankruptcies, were included. These are startups aimed at building a more reliable and secure infrastructure for the future,” the publication noted. Journalists highlighted that overall […]

AI translated

ForkLog 21 25.01.2024

North Korean Hackers’ Crypto Heists Yield Lower Profits

In 2023, North Korean hackers stole approximately $1 billion in cryptocurrencies through 20 breaches, compared to $1.7 billion from 15 cyber incidents in 2022, according to Chainalysis. In 2023, we estimate that the total amount of crypto stolen by North Korea-affiliated hackers is slightly over $1 billion, and the number of hacks rose to 20. […]

AI translated

ForkLog 36 19.01.2024

Chainalysis Reports Decline in Illicit Crypto Revenues for 2023

In 2023, the volume of illegal revenues from crypto scams and hacks decreased by 29.2% and 54.3%, respectively, according to a report by Chainalysis. For the first year since 2020, illicit transaction volume fell, from $39.6B in 2022 to $24.2B. As always, these figures are estimates based on illicit addresses we’ve identified as of now. […]

AI translated

#Chainalysis