Key Takeaways: On June 18, 2025, Iran’s largest digital asset platform, Nobitex, suffered a devastating exploit that resulted in the loss of over $90 million across multiple cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Solana. Nobitex has long been under the radar due to its connections with various sanctioned entities. It has reportedly processed transactions linked […]
Chainalysis
BNB Chain Dominates USDT Transfers, Surpassing Competitors with Remarkable Growth
BNB Chain has become one of the most popular networks for trading USDT, surpassing other blockchain networks like TRON and Ethereum. Last month, it hit almost 12 million active wallets, showing its growth. This increase in users could be linked to the rise in meme coin and perpetual swap trading. As a result, BNB Chain […]
$2.2 Billion Lost to Crypto Hacks in 2024: North Korea’s Rising Influence
Key Takeaways Chainalysis reports that hackers linked to North Korea (DPRK) stole $1.34 billion in 2024, a staggering 102.88% increase from the previous year. To specify, this is 61.0% of the full pile of crypto stolen, and, remarkably, 20.9% of all cases became the share of hacking groups affiliated with the so-called DPRK. This dramatic […]
Argentina Tops $91B in Crypto Inflows, Edging Out Brazil in Latin America
Argentina has become the top nation in Latin America for estimated crypto inflows, surpassing Brazil. According to Chainalysis, the region received nearly $415 billion in digital currency from July 2023 to June 2024, just over Eastern Asia. During this period, crypto inflows in Argentina are valued at an estimated $91.1 billion, while Brazil covers around […]
Monero’s Privacy Myth Busted By Leaked Video
Controversial crypto platform Monero [XMR] is facing renewed scrutiny over a leaked video of Chainalysis that claimed, “its transactions may be traceable.” Sparking concerns, the development highlights the ongoing struggle between privacy advocates and those seeking greater financial transparency. The privacy-centric blockchain has been known for its untraceable transactions. However, an anonymous Reddit user, dubbed […]
Crypto Crime Drops, But Ransomware & Heists Surge in 2024
In 2024, the crypto landscape has seen significant shifts in illicit activity, as revealed in a recent report by Chainalysis. In contrast, the overall volume of illegal transactions has seen nearly a 20% decline year-to-date from $20.9 billion to $16.7 billion certain types of crypto-related crimes surged during this time, especially those involving stolen funds […]
Crypto Money Laundering Trends: Evolving Tactics & Challenges
Cryptocurrency has brought a new channel of money laundering, which is different from the traditional ones used to hide the sources of illegal income. According to the latest report from Chainalysis, the aim of money laundering is to make it difficult for criminals to access and spend their profits. In response, criminals like the Lazarus […]
Crypto’s Terrorism Connection: Chainalysis Provides a Different Perspective
Chainalysis emphasized that assessments of cryptocurrency’s role in terrorism financing are frequently exaggerated when they encompass all transactions processed by intermediary service providers. The blockchain analytics company has refuted reports and analyses circulating in the media that overstate the involvement of cryptocurrencies in funding terrorism. In a recent report aimed at rectifying misconceptions about terrorists […]
Regulating Crypto: Senators Push for Equal AML Rules
In a significant move to combat illicit financial activities in the crypto world, the U.S. Treasury Department is set to designate international crypto mixers as potential money-laundering hubs. This decision, revealed by The Wall Street Journal, comes on the heels of alarming reports of terrorist groups, including Hamas, utilizing cryptocurrency as a financing tool for […]
Chainalysis Empowers Deloitte’s Blockchain Analytics
Deloitte, one of the leading Big Four accounting firms, expressed that their newly formed partnership with crypto analytics firm Chainalysis has the potential to assist authorities in identifying and apprehending malicious individuals operating anonymously online. By joining forces with Chainalysis, Deloitte aims to strengthen its clients’ ability to track blockchain activities. The alliance, which was […]