In this report, Chainalysis uses blockchain analysis to quantify differences in cryptocurrency usage across countries and regions, and interviews local experts to help put the exclusive research data in the proper context.
Download the report and learn about:
Cryptocurrency activity by region;
Inter-regional...
More than $12 billion has been lost in decentralized finance, or DeFi, applications in 2021 - $10.8 billion of which is attributed to fraud and theft, a 600% increase from 2020, according to a new report from blockchain analytics firm Elliptic.
A Canadian teenager is under arrest after allegedly stealing C$46 million ($37 million) in the latest cryptocurrency SIM swap scam. Meanwhile in the U.S., the Department of Justice is going to sell off $57 million worth of cryptocurrency seized from the BitConnect Ponzi scheme.
The latest edition of the ISMG Security Report features an analysis of how cybercriminals are turning to cryptomixing services to conceal the proceeds of ransomware activities from law enforcement officials. Also featured: Criminals exploit a misconfigured FBI server and the future of zero trust.
Cryptocurrency-using criminals continue to rely on services designed to launder their virtual currency to give them "clean coins" that are tougher for law enforcement to trace. Experts say such services are widely marketed on cybercrime forums, and sometimes provided directly to ransomware groups' affiliates.
Ari Redbord of TRM Labs, who has had an extensive career in law enforcement, points out that 2020 was a pivotal year for putting cybersecurity on the agenda throughout the government. He discusses securing cryptocurrecy, the blockchain and other elements of the "digital battlefield."
Four editors at ISMG discuss important cybersecurity issues, including law enforcement agencies' crackdown on ransomware operations, how banks are building their technology stacks to counter card fraud and whether the "work from anywhere" model is beneficial for employees in the long term.
U.S. SEC Commissioner Caroline Crenshaw urges DeFi developers to approach the financial regulator in an effort to bring projects in line with existing securities laws. Though praising the DeFi's innovative nature, the commissioner says it lacks transparency and is hindered by on-chain pseudonymity.
The U.S. Department of the Treasury has blacklisted cryptocurrency exchange Chatex, along with a network of entities the department says support it, for allegedly facilitating ransomware-related financial transactions. This action effectively bars Americans from doing business with the company.
The U.S. deputy attorney general said this week that the nation is ramping up efforts to cripple ransomware operations and other cybercrime through arrests and seizures of ransom payments. The Biden administration has called ransomware a threat to national security and an economic threat.
Where is cryptocurrency being adopted most broadly? Where are scams emerging, and where is there growing grassroots support? These are among the questions answered by the Chainalysis 2021 Global Cryptocurrency Adoption report. Researcher Kimberly Grauer shares findings and analysis.
International law enforcement officials on Tuesday announced that some 150 suspects have been arrested globally for buying or selling illegal goods, following a 10-month sting operation, code name "Operation DarkHunTOR," targeting the dark web.
Following an outage of the REvil - aka Sodinokibi - ransomware operation due to coordinated law enforcement efforts involving the U.S. and foreign partners, the operators behind DarkSide ransomware have moved bitcoin worth almost $7 million to multiple new wallets, making it more difficult to track.
Researchers at open-source software firm Sonatype have uncovered multiple malicious packages that disguise themselves as legitimate JavaScript libraries on npm registries to launch cryptominers on Windows, macOS and Linux machines.
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