Crypto Crime Drops Significantly in 2023 Despite Rising Token Prices

Scammers are making less money, Chainalysis says. But ransomware is booming.

• 2023-07-13
• Chainalysis

Cyber Criminals Are Turning to Crypto Mining Pools to Wash Ill-Gotten Funds: Chainalysis

Ransomware actors are increasingly trying to pass off their own funds as proceeds received from cryptocurrency mining, claims Chainalysis.

• 2023-06-15
• Chainalysis money laundering Bitcoin mining Crypto mining mining pool

Suspected fentanyl chemical suppliers have received $38 million in crypto -Chainalysis

Suspected sellers of chemicals used to manufacture the deadly drug fentanyl have received tens of millions of dollars worth of cryptocurrency since 2018, according to blockchain analytics firm Chainalysis. Regulators around the world have warned that crypto assets are used to finance illegal activity. Crypto transactions related to illicit activity hit a record $20 billion in 2022, Chainalysis said in January.

• 2023-05-24
• Chainalysis cryptocurrency chemical shops precursor chemicals fentanyl drug traffickers illegal activity

Crypto Crime Hit All-Time High of $20.6B in 2022: Chainalysis

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.

• 2023-02-28
• Chainalysis Kim Grauer illicit activity OFAC

Crypto Theft Rose in 2022 as Scams, Ransomware Bounty Fell: Chainalysis

2022 became a year of crypto thefts, but illicit transactions still account only for a meager share of all crypto activity, Chainalysis says.

• 2023-02-17
• Chainalysis Tornado Cash transaction

Nearly a Quarter of New Cryptos Last Year May Have Been Frauds, Analysis Finds

Unsuspecting buyers plowed $4.6 billion into tokens that were likely pump and dump schemes last year, according to Chainalysis.

• 2023-02-16
• Chainalysis Pump and dump unsuspecting investors