While many believe the crypto bear market season is the time to build, scammers have always viewed it as otherwise. And according to blockchain analysis firm Chainalysis’s latest reveal, they seem to adapt too often to the state of the market, whether bear or bull season. In a webinar focused on crypto crimes affecting consumers and investors, Eric Jardine, the cybercrimes research lead...
Blockchain analysis firm Chainalysis have explained how some scammers continue to adapt and live despite the bear market, and the fact that scam revenue has decreased by 46% as a result of the crypto winter. Eric Jardine, the cybercrimes research lead at blockchain analysis firm Chainalysis, explained how con artists adapt their techniques in response […] The post...
As Web3 and crypto go mainstream, several decentralized finance (DeFi) platforms have fallen victim to hacking exploitations, losing millions of dollars in assets to criminals. While DeFi projects seek ways to avoid this menace, the crypto platform LendHub has succumbed to the same fate, losing $6 million in digital assets to an exploit in January. The latest reports revealed that OFAC-sanctioned crypto mixer...
Last year, many crypto firms and startups went under due to the turmoil in the space. In addition, the devastating impact of the crypto winter affected many businesses as prices of crypto assets fell below expected levels. As a result, many crypto-related firms have started implementing restructuring strategies right from the beginning of 2023. Chainalysis is one of the firms making a proactive...
The FTX crisis has steered various reactions within and outside the crypto ecosystem. The crisis saw a once mighty crypto exchange reduce to nothing within days and spread its contagion across the industry. As a result, firms associated with the exchange have tasted a fair share of bitterness since the collapse. Analysts believe the impact of the crisis might endure within the crypto...
The crypto funds stolen from FTX shortly after its bankruptcy filing continue to be transferred. The security firm Chainalysis published a series of tweets in which it drew attention to the transactions. In addition, the company cleared up the rumor that the hacker is the Securities Commission of The Bahamas (SCB). "Reports that the...
Did Silvergate let FTX and Alameda share funds and bank accounts? Isn’t that illegal? Also, if one of the objectives of KYC and AML procedures is to stop money laundering, why didn’t Sam Bankman-Fried and company’s actions trigger alarms? They were allegedly doing egregious activities out in the open. Of course, the answer is that the rules are different for the rich and...
Crypto assets have found use cases across different sectors, increasing their mass adoption globally. From remittance payments to cross-border transactions, digital assets have ensured flexible settlements for those who embraced them. However, amid the rising global adoption, security personnel have discovered that criminals and terrorist organizations are using crypto to facilitate the funding of their activities. In a...
Solidus Labs functions to carry out crypto operations based on the crypto- native T3 (Triple T) market integration solutions (MIS). These market solutions include threat intelligence, monitoring of transactions, and trade surveillance. Its primary mission is to ensure the safety of crypto transactions and investments throughout all decentralized finance (DeFi) and centralized markets. Solidus Labs, situated in New York, United States, began its actions...
A survey by the Central American University suggests that El Salvadorans want their government to stop spending on Bitcoin.
While the crypto sector has always had issues with software exploits, which comes with the territory when using nascent technology, the last couple of weeks have been out of the norm.
According to blockchain analytics firm Chainalysis, October 2022 is now the biggest month to witness hacking activities with roughly $718 million hacked already even as the month is yet halved. Despite the fact that the month hasn't even halfway passed, Chainalysis reported that hundreds of millions had been taken advantage of through 11 distinct hacks […] The post...
We have yet to complete the first half of October and this month is already turning out to be the biggest month for crypto hacks in entire 2022. So far this month, more than $718 million have been lost to crypto hacks. The total value hacked in October has already... Read more
We’ll keep discussing the Tornado Cash situation because this is a watershed moment for the cryptocurrency industry. Lines are being drawn. The future of privacy for cryptocurrency-related operations is at stake. One could even say that the future of the industry as a whole is at stake. Does the cryptocurrency industry has a future without basic privacy tools like Tornado Cash? In any...
Crypto adoption across the world has been accelerated in the last couple of years due to the multiple bull rallies. With the recent bear market, there has been a decline in the adoption rate, and it has leveled out in the last couple of months. However, there are some parts of the world where the adoption rate continues to wax strong. A recent...
Over $30 million stolen during an attack on the Ronin Network this year has been recovered with the help of Chainalysis. $30 Million in Crypto Seized Chainalysis has helped law...
According to a report published on Tuesday by blockchain analysis company Chainalysis, a remarkable $1.9 billion worth of bitcoin was stolen in hacks of various services in the first seven months of this year, representing a 60% rise from the same time in the previous year. DeFi Saw Huge Cases Of Hacks, Chainalysis Reports Even though several cryptocurrencies saw a sharp decline in...
Hackers are enjoying brisk "sales" this year and the targets seem to be getting aplenty. According to a research, the web3 ecosystem suffered a "loss" of around $1.23 billion in the first quarter of 2022, Adrian Hetman, a tech lead at crypto security firm Immunefi, said. This figure accounts for any funds lost as a result of hacks and fraudulent activities. Hetman stated...
According to a Chainalysis industry study, law enforcement and regulatory organizations looking into cryptocurrency-related occurrences require greater data, training, and private partnerships. Better tools, training, and assistance are required for cryptocurrency-related investigations, according to a public agency poll performed by blockchain analytics company Chainalysis. In its 2022 State of Cryptocurrency Investigations Survey, the blockchain data […]...
According to a blog post published on Monday, July 18, a major U.S. cryptocurrency exchange, Coinbase, has received authorization from Italian regulators to continue operating to Italian consumers....
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