Reduced cryptocurrency activity last year helped lead to a corresponding decline in crypto money laundering. That’s according to a recent report on crypto crime from blockchain data firm Chainalysis, which showed that illicit addresses sent $22.2 billion worth of cryptocurrency to services in 2023, a sharp drop...
Cybera, a provider of advanced reporting and prevention tools, has launched a strategic integration with Chainalysis, a blockchain data platform, to equip government agencies and compliance teams with enhanced insights to combat scams and prevent financial cybercrime. The integration of Cybera’s artificial intelligence (AI)-driven global dataset,...
Stablecoins have held the promise of serving as a link between the cryptocurrency realm and traditional financial services. Turns out that nowadays, the digital holdings are also a favorite of fraudsters. Blockchain analysis firm Chainalysis found in its latest report on the state of crypto...
Ransomware attacks have surged this year, despite efforts to curb them. As a result, experts are now reconsidering the idea of banning ransom payments altogether, Bloomberg reported Wednesday (Oct. 25). Ransomware payments have reached nearly $500 million through September, marking a 50% increase compared to the same...
January 18, 2024
Stablecoins have held the promise of serving as a link between the cryptocurrency realm and traditional financial services. Turns out that nowadays, the digital holdings are also a favorite of fraudsters. Blockchain analysis firm Chainalysis found in its latest report on the state of crypto crime trends that stablecoins have supplanted bitcoin as a key […]
March 14, 2023
The year 2022 was one of the most tumultuous in the cryptocurrency industry’s brief history. It was a record year for another reason, too, as illicit crypto transactions hit a...
March 06, 2023
Even the criminals have felt the chill of the crypto winter. Kim Grauer, director of research at Chainalysis, told PYMNTS that the state of crypto-related fraud … depends on where...
February 09, 2023
The entire crypto industry should strive for the level of transparency seen in DeFi, Chainalysis Chief Product Officer Pratima Arora writes in the new PYMNTS eBook, “2023 Payments New Year’s...
August 15, 2024
The value of funds taken in hacking activities and ransomware attacks rose during the first seven months of the year. These increases were driven by the higher value of bitcoin and by ransomware attacks targeting larger organizations, Chainalysis said in a Thursday (Aug. 15) crypto crime mid-year update. Stolen funds inflows rose by about 84% […]
February 18, 2024
Reduced cryptocurrency activity last year helped lead to a corresponding decline in crypto money laundering. That’s according to a recent report on crypto crime from blockchain data firm Chainalysis, which...
February 05, 2024
Cybera, a provider of advanced reporting and prevention tools, has launched a strategic integration with Chainalysis, a blockchain data platform, to equip government agencies and compliance teams with enhanced insights to...
October 25, 2023
Ransomware attacks have surged this year, despite efforts to curb them. As a result, experts are now reconsidering the idea of banning ransom payments altogether, Bloomberg reported Wednesday (Oct. 25). Ransomware payments...
