News with the tag "Chainalysis"

Key Takeaways: New techniques uncover behavioral signatures in digital money flows, suggesting criminals are rapidly adapting beyond simple transfers. The swift, borderless nature of crypto exposes a widening gap between legacy regulations and modern financial crime. These insights push for a proact...

Pakistan appears to be exploring a legal framework for crypto to potentially attract foreign investment. Pakistan seems to be exploring the possibility of establishing a legal framework for cryptocurrency trading, aiming to attract international investment while potentially providing more clarity fo...

Illicit crypto transactions in 2024 are likely to surpass 2023’s record, as criminals pivot from Bitcoin to stablecoins for laundering stolen funds. Blockchain insight provider Chainalysis reported $40 billion in crypto-related criminal transactions last year, with the estimated total expected to ri...

The European Union has targeted Russia’s largest sanctioned crypto exchange, though analysts note it has operated successfully under sanctions for years. On Monday, Feb. 24, the European Council introduced the 16th sanctions package, adding Russian cryptocurrency exchange Garantex to the list as it’...

The world of cryptocurrency, often lauded for its decentralized and permissionless nature, is increasingly under scrutiny for its use in illicit activities. A recent Chainalysis report has brought to light a concerning trend: sanctioned entities and jurisdictions have received a staggering $15.8 bil...

The blockchain data analysis firm Chainalysis says it has developed an “integrated solution” designed to help law enforcement track stolen crypto. The firm says the new solution relies on two primary tools. The first is the firm’s preexisting blockchain investigation software, “Chainalysis Reactor,”...

Crypto adoption in Iran surged in 2024 as citizens sought to escape economic turmoil and government-imposed financial restrictions. According to Chainalysis , Iranian crypto outflows reached $4.18 billion — up 70% year-over-year — as trust in the financial system eroded and sanctions pressure mounte...

Countries targeted by U.S. government sanctions have surged in illicit crypto activity, receiving nearly $16 billion in digital assets last year — about 39% of illicit token transactions — according to a report from Chainalysis released on Wednesday. 2024 was a year in which those nations — especial...

High-yield investment scams as well as pig butchering scams received the most crypto among scam sub-classes, at 50.2% and 33.2% respectively, a study shows. Long-term scams, called pig butchering, where victims are slowly tricked into making bigger crypto payments, jumped 40% year-over-year. These s...

The global ransomware ecosystem saw a huge shift in 2024, with total ransom payments decreasing by approximately 35% year-over-year, according to a Chainalysis report. In our latest preview chapter for the 2025 Crypto Crime Report, we look at how the ransomware landscape changed in 2024. Here are so...