North Korean Hackers Created Realistic Trading Bot to Steal Money
North Korean hackers created a realistic trading bot website to phish DragonEx employees Go to Source Powered by WPeMatico
Chainalysis
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Chainalysis Report Confirms Criminal Transactions Represent 1.1% of all Crypto Activity
No one will be surprised to learn that criminals still favor Bitcoin. A new report by Chainalysis shows 2019 was a good year for the culprits, but a bad one for the rest of the world. Over the years, there have been many rumors regarding Bitcoin and online crime. A Different Look at Crypto in … Read more
UK Court Asks Bitfinex to Freeze a Bitcoin Balance Linked to Ransomware Proceeds
Ransomware has proven to be an incredibly lucrative solution for cyber criminals. Most of these ventures end in a certain amount of Bitcoin changing hands between criminal and victim. Not all of the proceeds from ransomware attacks can be cashed out, however. A Ransomware Deal Gone bad In the case of Bitfinex, several of its … Read more
New Chainalysis Report Sheds Light on Darknet Markets and the Need for Onchain Privacy
Darknet market activity hit new highs in 2019, as shown in a new report from blockchain forensics firm Chainalysis. Despite concerted attempts from law enforcement (LE) to crack down on darknet markets (DNMs), coupled with several exit scams, crypto inflows and outflows surpassed $800 million last year. Also read: Monopoly Is a Tiny Darknet Market … Read more
UK High Court Orders Freeze on $1M of Bitcoin in Ransomware Case
A UK court has ordered to freeze over $1 million in Bitcoin from a Canadian insurance firm in a ransomware attack Go to Source Powered by WPeMatico
Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto Exchanges
On January 3, 2020, a small group of crypto enthusiasts celebrated the second annual Proof-of-Keys day with hopes to get people to withdraw funds from centralized digital currency exchanges. However, exchanges holding massive amounts of BTC only saw their reserves grow larger and data shows that Coinbase now holds 1 million BTC ($8.4 billion). Crypto … Read more
Chainalysis Report Confirms Huobi and Binance are Invovled in Laundering Illicit BTC Streams
Chainalysis is a well-respected blockchain analysis firm. In its yearly report, the findings do not paint a positive picture for some key crypto exchanges. The yearly Chainalysis report always provides some interesting insights into the cryptocurrency industry. Chainalysis Keeps Following the Funds For years, bitcoin and altcoins have often been associated with money laundering and … Read more
$100M of Ethereum Tied to Plustoken Scam Sparks Wild Theories
During the last two weeks as cryptocurrency prices slid below long term foundational support, speculators assumed Plustoken scammers may be behind the dump. Blockchain intelligence firm Chainalysis published a report which claimed Plustoken coin sales might be dragging BTC prices down. Moreover, on December 19, Plustoken scammers moved 789,525 ETH ($101 million) from one address … Read more
Plustoken Cash-Outs Could Be Behind BTC Price Drop, Says Report
On Monday, the blockchain surveillance company Chainalysis published an excerpt from the firm’s upcoming crime report that will publish in January. According to the Chainalysis research, the Ponzi scheme called Plustoken not only defrauded investors out of $3 billion but the scam “may also be driving down the price of bitcoin.” Also read: Mystery Surrounds … Read more
Bitfinex Integrates Know Your Transaction by Chainalysis
Blockchain analysis firms continue to gain more attention. In the case of Chainalysis, the company will now collaborate with Bitfinex to keep criminals at bay. It is crucial for any cryptocurrency exchange to ensure no illicit money streams pass through its order books. Chainalysis Tool Helps out Bitfinex That is often easier said than done, … Read more