After an encouraging decline in 2022, the ransomware landscape saw a major escalation in the frequency, scope, and volume of attacks, resulting in victims paying out over US$1.1 billion in cryptocurrencies to cyber criminals last year. The findings, which are part of Chainalysis’ upcoming 2024 Crypto Crime Report, also highlightedRead More…
In its latest annual analysis of crypto-related crime, blockchain data platform, Chainalysis, found that the value received by illicit cryptocurrency addresses through 2023, totalled US$24.2 billion, a significant drop compared to the all-time high of US$39.6 billion in 2022. Of this, US$14.9 billion, representing the largest portion (61.5%) of theRead More…
As 2023 draws to a close, Chainalysis, the blockchain data company, has revealed the results of its research on ‘approval phishing’ scams through the past year. The technique, in which scammers trick their targets into signing a malicious blockchain transaction that allows them to spend specific tokens inside the victim’s wallet,Read More…
Chainalysis, the blockchain data platform, has unveiled the Middle East and North Africa (MENA) findings of its 4th annual Geography of Cryptocurrency Report, providing comprehensive insight into the actual state of crypto markets and cryptocurrency utilisation across the world. This report revealed that between July 2022 and June 2023, the majorityRead More…
The outlook of global crypto markets, which have been recovering well this year with the prices of digital assets like Bitcoin up over 80% as of June 30, has been infused with further positivity following the release of the latest Crypto Crime Midyear Update from Chainalysis.Read More…
2022 was the biggest year ever for crypto hacking, with US$3.8 billion stolen from cryptocurrency businesses, up from US$3.3 billion in 2021. This increase is even more pronounced when compared to 2019 and 2020, when the total for each year was significantly lower at US$0.5 billion. Over the course ofRead More…
In an era where the mere mention of ransomware conjures negative headlines and narratives — which organisation just fell victim, how large the pay-out was, or how the attack left operations crippled — the latest Crypto Crime Report by Chainalysis finally offers a positive sign. The company’s analysis demonstrates thatRead More…
Chainalysis, the blockchain data platform, has announced its plans to participate at GITEX Global 2022 (stand Z4-L67), taking place in Dubai from Oct 10-14. Chainalysis supports the UAE and other GCC countries as they look to leverage blockchain technology to establish a safe, secure, and transparent digital ecosystem, Through a seriesRead More…
