Chainalysis Partners with Former IRS Criminal Investigator for Financial Crime
To reinforce the powers of the company’s office against various kinds of financial crimes, Chainalysis, a pioneer at the blockchain forensics field, is forming this strategic partnership with a prominent financial expert, James Lee who was Chief of the IRS Criminal Investigations of United States. This conscription constitutes a crucial step taken by the company […]
Tornado Cash traffic tanks 93% in the wake of sanctions, Chainalysis data shows
Chainalysis data has uncovered a significant decline in Tornado Cash inflows following the imposition of sanctions. The statistics indicate a staggering 93% decrease in monthly inflows compared to the averages before the sanctions were enforced. This revelation sheds light on the impact of regulatory measures on decentralized financial platforms like Tornado Cash, which provide privacy […]
Crypto laundering saw a decrease of 30% in 2023
2023 painted a rather unusual picture—a 30% plunge in crypto money laundering activities. Quite the headline, isn’t it? Now, before you go raising your eyebrows in disbelief or nodding in approval, let’s dissect this whole phenomenon. How did we get here? The Murky Waters of Crypto Transactions In the crypto industry, money laundering has always […]
Chainalysis reveals a 40% drop in illicit crypto transactions in 2023
The landscape of cryptocurrency crime experienced a notable shift in 2023, with illicit transactions involving digital currencies seeing a significant reduction compared to the previous year. According to a comprehensive report by blockchain intelligence firm Chainalysis, the total value of cryptocurrency received by illicit addresses in 2023 amounted to approximately $24 billion. This figure represents […]
Chainalysis Welcomes Omesh Agam as Chief Information Security Officer
Chainalysis has taken a significant step in strengthening its leadership by appointing Omesh Agam as the new Chief Information Security Officer (CISO). Omesh brings with him over two decades of rich experience in the cybersecurity realm. His career spans various critical roles in global security operations, security engineering, and the strategic aspects of cybersecurity. Their […]
Silicon Valley’s C1 Fund plans major investments in Animoca Brands and Chainalysis
The C1 Fund, a joint Silicon Valley and United Arab Emirates initiative, is actively scouting opportunities in the Australian market. Specifically, the fund is targeting established crypto firms, with a particular interest in Animoca Brands, a blockchain gaming enterprise, and Chainalysis, a leading data analysis firm. The strategy, as detailed in a pitch deck obtained […]
Effects of FinCEN convertible virtual currency mixing seen first in UAE
At the onslaught of the Israel Gaza war, the eyes of the world turned to Hamas and it’s financing. On October 19th FinCEN (U.S Department of the Treasury’s Financial Crimes enforcement network) proposed new regulations to enhance the transparency in convertible virtual currency (CVC) mixing and combat Terrorist Financing, mentioning Hamas, Palestinian Islamic Jihad. This […]
Regulatory uncertainty in North America impends DeFi adoption: Chainalysis reports
Decentralized finance (DeFi) is among the new innovations brought about by the realization of digital currencies. They have become a force to reckon with as they offer financial services through blockchain technology. DeFi growth has been hindered in the region of North America due to regulatory uncertainty. According to Chainalysis, a leading blockchain analysis firm, […]
Chainalysis to Lay Off 150 Employees Amid Crypto Winter
Cryptocurrency analytics firm, Chainalysis, is set to lay off approximately 150 employees, constituting more than 15% of its workforce of 900, as the company pivots away from the commercial sector to focus on government contracts. This strategic shift comes as the cryptocurrency market experiences a prolonged downturn, resulting in reduced demand for Chainalysis products. This […]
North Korean hackers turn to Russian exchanges for crypto laundering, says Chainalysis
North Korean hacking groups have intensified their collaboration with Russian cryptocurrency exchanges known for facilitating illicit financial activities, according to a report by Chainalysis, an on-chain analytics firm. Chainalysis disclosed that North Korean hackers recently transferred over $21.9 million in stolen cryptocurrency to a Russian exchange notorious for money laundering. The development marks a significant […]
How trustworthy is Chainalysis data, or is it Junk Science?
Chainalysis is now facing scrutiny over blockchain analytics tools. Lawyers have termed the science behind the on-chain analytics software as junk science, especially its reliability in high-profile criminal cases. The Wall Street-backed blockchain analytics firm offers software that helps track fraudulent activities in the crypto industry. The recent lawsuit against Roman Sterlingov highlighted the unreliability […]
Israel’s high-tech takedown of $1.7M in crypto from Iran military and Hezbollah
According to the Defense Minister and the crypto investigative organization, Israel has successfully seized $1.7 million worth of crypto from the Iranian military and Hezbollah, dealing a significant blow to illicit financing networks. The cutting-edge blockchain analysis tools that Chainalysis provided made this possible. According to Chainalysis, the seizure of cryptos from Hezbollah and the […]
