Chainalysis Says ‘Criminal Whales' Account for 4% of the Overall Pod
A new report from blockchain research firm Chainalysis says criminal whales held over $25 billion worth of cryptocurrency at the end of 2021. Original Source
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Chainalysis
Russia-Affiliated Addresses Received 74% of Ransomware Revenue Last Year: Chainalysis
Almost three-quarters of revenue from ransomware attacks last year, or $400 million, went to addresses that are “highly likely” to be affiliated with Russia, Chainalysis said. Original Source
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Ransomware Payments Are Getting Bigger as Hackers Shift Focus to Larger Targets: Chainalysis
Chainalysis’ data shows the average ransomware payment size last year reached $118,000 in cryptocurrency, up from $88,000 in 2020, according to a report published Thursday. In 2019, the average ransomware payment was only $25,000. Kim Grauer, Chainalysis’ head of research, attributes this jump to the growing sophistication of ransomware groups. Original
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Chainalysis Detects ‘Significant’ Wash Trading Using NFTs – News Bitcoin News
Chainalysis, one of the leading blockchain and cryptocurrency auditing firms, has issued a report indicating signs of significant wash trading activity involving NFTs. In these operations, some actors effectively sell their assets to themselves, with the intention of increasing the floor price of the NFTs to sell them at a
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Chainalysis report finds most NFT wash traders unprofitable
Nonfungible tokens (NFT) have taken the world by storm, resulting in mainstream interest and greater adoption of cryptocurrency. According to blockchain analysis firm Chainalysis, NFT popularity skyrocketed in 2021. Chainalysis’ “NFT Market Report” shows a minimum of $44.2 billion worth of cryptocurrency sent to Ethereum smart contracts associated with NFT
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New Chainalysis Report Suggests NFT Crime Doesn’t (Always) Pay
“It's not a very good idea to get into crime in NFTs because it's expensive,” said Kim Grauer, Chainalysis’ head of research. “It's hard to guarantee you'll be profitable if you wash trade, and if you want to use [NFTs] to launder money, we can trace it, and you will
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Money Laundering Picks Up Steam on DeFi Protocols: Chainalysis
And DeFi is not the only crypto-related money laundering method on the rise: Mining pools, high-risk exchanges and mixers also received an increased amount of crypto from wallets tied to criminal activity last year. However, Chainalysis’ research suggests the largest group of crypto criminals still prefer to launder their money
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‘Less sophisticated’ malware is stealing millions: Chainalysis
Cryptojacking accounted for 73% of the total value received by malware related addresses between 2017 and 2021, according to a new malware report from blockchain analysis firm Chainalysis.Malware is used to conduct nefarious activity on a victim’s device such as a smartphone or PC after being downloaded without the victim’s
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North Korean hackers stole $400M in 2021, mostly ETH: Chainalysis
North Korean crypto hackers siphoned off nearly $400 million in crypto through cyber attacks in 2021 according to new data from Chainalysis.The type of crypto stolen has also seen a sea change according to the Jan. 13 report from the blockchain analytics firm. In 2017, BTC accounted for nearly all
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DeFi ‘Rug Pull’ Scams Pulled In $2.8B This Year: Chainalysis
Thodex was the only ‘centralized’ rug pull on the list, with all others belonging to the decentralized finance (DeFi) category. DeFi projects rely on smart contracts for offering financial services, such as trading, lending, or borrowing, to users. Source
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