Illicit crypto addresses pocketed a staggering $40.9 billion worth of digital assets last year, and that number is likely to balloon even further, per a new report from the blockchain data firm Chainalysis. Chainalysis notes in its annual Crypto Crime Report that 2024’s total is currently less than the $46.1 billion worth of crypto that […]
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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,” which aims to help law enforcement officials track crypto across blockchains and […]
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2024 saw nearly $41 billion worth of illicit crypto volume, but that could climb to around $51 billion as more criminal-tied addresses are found, Chainalysis says.
Illicit crypto volumes may have reached as much as $51 billion in 2024, according to estimates from Chainalysis, but the share of illicit crypto use compared to the entire market has fallen to the lowest level in three years.
Last year saw nearly $41 billion worth of illicit crypto volume, but that could rise another $10 billion given historical trends and as more illicit addresses are identified, the blockchain analytics firm said in a Jan. 15 blog post.
“2024 was likely a record year for inflows to illicit actors as these figures are lower-bound estimates based on inflows to the illicit addresses we’ve identified up to today,” Chainalysis wrote.
Illicit cryptocurrency activity reached significant levels in 2024, with $40.9 billion directed to wallets linked to criminal activities, according to the latest report from Chainalysis. As blockchain systems continue to mature, malicious actors are adopting increasingly sophisticated techniques and refining their operations into organized ventures. Chainalysis Report Highlights Increasing Professionalization of Crypto Crime The report […]
Blockchain data analysis firm Chainalysis has acquired Alterya, a fraud detection solution powered by artificial intelligence (AI). The AI solution has worked with top crypto and fintech firms like Coinbase, Binance and Block and monitors more than $8 billion worth of fiat and crypto transactions a month, according to a new press release from Chainalysis. […]
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Chainalysis, the blockchain analytics firm, has announced its acquisition of Alterya, a firm that harnesses artificial intelligence (AI) to combat fraud. Blockchain Analytics Firm Chainalysis Acquires Fraud Detection Startup Alterya Alterya, positioning itself as a preemptive scam detector, claims expertise in thwarting fraudsters before they target their victims. Its clientele reportedly includes major players such […]
The advent of generative AI has made it easier for scammers to target crypto and other real-time payment systems.
Blockchain analytics firm Chainalysis has made its first foray into artificial intelligence by acquiring a fraud detection startup.
According to a Jan. 13 report by Business Insider, Chainalysis purchased Alterya, a tech startup that uses AI agents to detect fraud, for a reported $150 million.
The news was confirmed by Chainalysis in a separate blog post, but the financial details were not disclosed.
Blockchain surveillance firm Chainalysis has acquired Hexagate, a Web3 security company focused on the real-time identification and mitigation of blockchain threats, marking a pivotal advancement in blockchain security infrastructure. Chainalysis Expands with Hexagate Acquisition for Real-Time Threat Detection Hexagate reportedly utilizes machine learning to spot dubious activities across blockchain networks, enabling the thwarting of cyberattacks […]
Leading blockchain data analysis firm Chainalysis says hackers stole over $2 billion from crypto platforms this year. Even more alarming, according to the Chainalysis report, stolen funds saw more than a 20% increase from 2023. “Crypto hacking remains a persistent threat, with four years in the past decade individually seeing more than a billion dollars […]
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“As CEO, I look forward to continuing to deliver cutting edge data, investigations, and risk solutions to our customers while also pursuing new market opportunities,” Levin said. Former Chainalysis Chief Strategy Officer Jonathan Levin Takes the Reins as CEO Blockchain data analysis firm Chainalysis has appointed Co-founder and former Chief Strategy Officer Jonathan Levin as […]