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An article published by journalist Laura Shin, and research stemming from the blockchain surveillance firm Chainalysis, claims to identify the alleged identity of The DAO hacker who drained millions of dollars worth of ethereum from the decentralized autonomous organization on June 17, 2016. Shin’s and Chainalysis’s findings accuse the former Tenx CEO, Toby Hoenisch, of … Read more
The report defines criminal whales as private wallets that hold more than $1 million worth of crypto with more than 10% of their balances coming from illicit addresses. Go to Source Powered by WPeMatico
The growing popularity of cryptocurrencies has placed Russia among the leaders in adoption. But while it is yet to reach the top of the ranking, the country already has a “disproportionate share” of global activity related to some forms of crime involving cryptocurrency, according to a new study by Chainalysis. Three Quarters of Ransomware Revenue … Read more
The total amount of value extracted through ransomware payments in 2021 is expected to rise above 2020 levels once all the data is sorted through. Go to Source Powered by WPeMatico
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 higher price later. However, this … Read more
Chainalysis report detailed how cyber criminals laundered their crypto funds in 2021 compared to the previous year, with DeFi protocols seeing the biggest increase in use. Go to Source Powered by WPeMatico
Chainalysis warned that even “low-skilled cybercriminals” are using malware to swipe funds from crypto hodlers. Go to Source Powered by WPeMatico
Hackers from North Korea have nearly doubled their thefts since 2019 by amassing $400 million in crypto via cyber attack in 2021. Go to Source Powered by WPeMatico
“Cash is still king when it comes to illicit finance, and that is not likely to change,” says Chainalysis researcher Kim Grauer. Go to Source Powered by WPeMatico
Popular trading platform Robinhood has partnered with blockchain data platform Chainalysis to meet compliance requirements. Robinhood is preparing to launch its wallet, which has a waitlist of more than 1.6 million users. Robinhood Partners With Chainalysis for Compliance Blockchain data analytics firm Chainalysis announced Monday “an integrated partnership with online brokerage app Robinhood Crypto.” The … Read more