As global cryptocurrency utilisation continues to rise, evidenced most recently in the post-US election bull run, so too does the ever-present shadow of crypto crime. In its annual Crypto Crime report, Chainalysis found that through 2024, illicit addresses received a whopping US$40.9 billion — a figure that the blockchain dataRead More…
Chainalysis has announced its acquisition of Alterya, an AI-powered fraud detection solution that identifies scammers before they meet their victims. This deal follows the company’s acquisition last month of the web3 security solution Hexagate, and represents the blockchain data leader’s doubling down on its strategy to become the leader inRead More…
Chainalysis has acquired Israeli Blockchain security company Hexagate for a reported $60 million. Hexagate is a provider of web3 security solutions that detect and mitigate real-time threats including cyber exploits, hacks, and governance and financial risks. Hexagate solutions keep the funds of chains, protocols, asset managers, and exchanges safe andRead More…
In recent weeks, Bitcoin, the world’s most valuable cryptocurrency, has once again been making headlines for the impressive bull run that saw it surpassing US$100,000 for the first time ever. While this milestone is likely to draw further investment into digital assets, new data from Chainalysis suggests investors be conscious of theRead More…
With several billion dollars in inflows, scams that involve cryptocurrency are mounting in 2024 and are one of the largest areas of crypto-related illicit activity year to date (YTD). This is according to new research by Chainalysis, the blockchain data company, which also found that 43% of the total YTDRead More…
Emirates NBD has announced Chainalysis as a key council member of the Digital Asset Lab. Chainalysis, the blockchain data platform, will join professional services firm PwC, digital asset transfer and direct custody technology platform Fireblocks, and R3, an enterprise Distributed ledger technology platform, as founding council members of the Lab.Read More…
Shining a spotlight on the laundering of cryptocurrencies, Chainalysis revealed that such activity fell sharply, by nearly 30% last year. The blockchain data company’s researchers have found that in 2023, crypto criminals managed to launder just US$22.2 billion worth of illicit earnings, compared to the all-time high of US$31.5 billionRead More…
After an encouraging decline in 2022, the ransomware landscape saw a major escalation in the frequency, scope, and volume of attacks, resulting in victims paying out over US$1.1 billion in cryptocurrencies to cyber criminals last year. The findings, which are part of Chainalysis’ upcoming 2024 Crypto Crime Report, also highlightedRead More…
In its latest annual analysis of crypto-related crime, blockchain data platform, Chainalysis, found that the value received by illicit cryptocurrency addresses through 2023, totalled US$24.2 billion, a significant drop compared to the all-time high of US$39.6 billion in 2022. Of this, US$14.9 billion, representing the largest portion (61.5%) of theRead More…
As 2023 draws to a close, Chainalysis, the blockchain data company, has revealed the results of its research on ‘approval phishing’ scams through the past year. The technique, in which scammers trick their targets into signing a malicious blockchain transaction that allows them to spend specific tokens inside the victim’s wallet,Read More…
Chainalysis, the blockchain data platform, has unveiled the Middle East and North Africa (MENA) findings of its 4th annual Geography of Cryptocurrency Report, providing comprehensive insight into the actual state of crypto markets and cryptocurrency utilisation across the world. This report revealed that between July 2022 and June 2023, the majorityRead More…
The outlook of global crypto markets, which have been recovering well this year with the prices of digital assets like Bitcoin up over 80% as of June 30, has been infused with further positivity following the release of the latest Crypto Crime Midyear Update from Chainalysis.Read More…
