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Elliptic, which published its report on the topic Tuesday, says cryptocurrency wallets attached to darknet merchants which sell fentanyl as well as precursors have received $27 million in payments (though over exactly what time frame is unclear), while Chainalysis pegged the number at $37.8 million since 2018. Source
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Lawyers for the privacy protocol developer have disputed the evidence purporting to prove links to criminal money. Source
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The U.S. Internal Revenue Service (IRS) said it’s working closely with Ukraine to help it trace crypto transactions of Russian sanctions evaders. The agency is providing the Ukrainians access to a Chainalysis tool as well as specialized training to Ukrainian law enforcement. IRS Offers Ukraine Tools From Chainalysis to Trace Russian
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A joint task force featuring investigators from the Calgary police department and analysis from blockchain data firm Chainalysis, dubbed the Western Canada Cryptocurrency Investigations Centre, was officially launched on April 12. In a blog post announcing the partnership, Chainalysis cofounder and chief strategy officer Jonathan Levin remarked that “this demonstration of
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While scammers can also feel the chill of the crypto winter as scam revenue drops by 46%, some continue to adapt and thrive despite the bear market. In a crypto crime webinar focusing on crimes that affect consumers, Eric Jardine, the cybercrimes research lead at blockchain analysis firm Chainalysis broke down
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Kim Grauer, the blockchain sleuthing firm's head of research, told CoinDesk TV sanctioned activity and hacking were the driving forces behind the rise in illicit transaction volumes last year. Original Source
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The report looks into a particular case of one ransomware strain, Deadbolt, which was active in 2022. Unlike the most infamous ransomware groups like Conti, attacking large organizations for big ransoms, Deadbolt operators chose to target small businesses and individuals and over 2022, received over $2.3 million from around 4,923
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Crypto scam revenue was slashed by almost half in 2022 due mainly to falling crypto asset prices, but two scam types managed to stay immune.Crypto scam revenue in 2022, which includes investment scams, NFT scams and romance scams, among others, amounted to $5.9 billion in the year — down 46%
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That was not the case for websites selling illicit goods other than drugs, for example, stolen personal data – their fortunes continued to go down. For example, Brian Dumps, was the biggest shop for stolen banking data in 2022, but for unknown reasons, its revenue fell almost to zero in
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Blockchain analytics firm Chainalysis says 2022 was “the biggest year ever for crypto hacking,” with $3.8 billion stolen from cryptocurrency businesses. The firm added that decentralized finance (defi) protocol hacks accounted for 82.1% of all cryptocurrency stolen by hackers during the year. Crypto Hacking Hit Record High in 2022 Blockchain analytics firm
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