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The Latest Breaking News from Chainalysis

Global ransomware payments plunge by a third amid crackdown

Money stolen falls from record $1.25bn to $813m as more victims refuse to pay off criminal gangs

The Guardian - UK

How cryptocurrencies empower communities

Cryptocurrencies can be a force for good.

Fortune

North Korean hackers are said to have stolen $1,300,000,000 in crypto in 2024, an estimated 61% of the total funds swiped this year

Yes, I looked up how many zeros were in a billion. I am not a clever man.

PC Gamer

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It's been a huge year for criminals stealing cryptocurrency - and North Korea was largely to blame

Theft of cryptocurrency rose to $2.2 billion annually, with North Korea emerging as a key offender.

TechRadar

Chainalysis's new CEO looks to M&A as firm rides wave of growth

Levin says the blockchain forensic firm is enjoying mid 20% growth with customers in 100 countries.

Fortune

How The UAE Is Leading The Blockchain Revolution

Emerging companies in crypto, Web3 and other blockchain backed technologies are creating high-quality jobs for the local communities and adding to the region's economic growth potential.

International Business Times

EXCLUSIVE: HAQQ Network Co-Founder Discusses Asia's Rising Role In Global Crypto Adoption

Asia's crypto space has evolved significantly in recent years as more countries work toward broader adoption, and even as challenges remain for mass adoption, the region's role in the global stage of cryptocurrencies can no longer be denied.

International Business Times

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Bitcoin ETF rush has made North America the dominant player in the global crypto market, report says

Chainalysis says ETFs have transformed the industry and spurred global adoption.

Fortune

Chinese investors pivot to stocks with potential repercussion for Tether

USDT or Tether is the dominant cryptocurrency in China despite widespread bans.

Fortune

Crypto Scammers Adopting New Tactics, Including 'Regeneration': Chainalysis

Crypto scammers are continuously evolving their means of stealing the funds of crypto users, and new trends are emerging, including the regeneration of operations, as well as the pivot toward more targeted frauds.

International Business Times

Crypto-linked cybercrime saw another record year as ransomware risk rises

Ransomware operators have earned more money in 2024 compared to last year as scam possibilites grow.

TechRadar

Tether Partners With Chainlysis To Monitor Transactions Amid Mounting Scrutiny

Tether announced it has partnered with Chainalysis for a blockchain monitoring solution that will improve the stablecoin giant's compliance practices, especially in relation to "secondary" market transactions.

International Business Times

Warren Says Iran's 'Increasingly Lucrative' Crypto Mining Industry Used To Evade Sanctions

U.S. senators Warren and King Jr. have once again asked the Biden administration to provide details about the extent of Iran's crypto mining industry, which they said was being used to evade sanctions and fund terrorism.

International Business Times

Paradigm Reportedly In Talks To Raise Up To $850M For Crypto Venture Fund

Paradigm, which invested $278 million into the collapsed FTX, is reportedly in talks to raise up to $850 million for a new crypto fund that could further propel the web3 ecosystem forward.

International Business Times

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news in one place.

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International Business Times

'United For Bitcoin': Crypto Giants Launch Campaign To Get BTC Its Own Emoji

Nexo and more than 20 other leading crypto-related firms have launched a campaign to get Bitcoin its very own emoji – they said it's about time the world's first decentralized cryptocurrency receive the recognition it deserves.

International Business Times

Nigeria Targets Cryptocurrency In Bid To End Naira Freefall

The world's biggest cryptocurrency exchange Binance is halting operations in Nigeria's naira currency as the government puts cryptobusinesses under increasing scrutiny.

International Business Times

BitForex Goes Offline, Unresponsive After Nearly $57M Hot Wallets Withdrawal

BitForex has blocked users from accessing the exchange's website following a reported withdrawal of nearly $57 million from hot wallets last week – the supposed user block came less than a month after its former CEO stepped down.

International Business Times

Crypto Exchange FixedFloat Suffers $26M Exploit In Bitcoin, Ether

FixedFloat's website displays an error notice following an alleged exploit of millions worth of Bitcoin and Ether.

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news in one place.

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PC Gamer

Global ransomware payments topped $1B last year with Russia-based groups blamed for a resurgence in attacks as they stop focusing on Ukraine

After a brief dip in 2022, the bad guys are on the up again.

TechRadar

Ransomware payments hit an unfortunate milestone in 2023 — over $1.1billion paid out as hackers rake in rewards

After a short break in 2022, ransomware gangs are back in style, report finds.

The Guardian - UK

Cyber-hacking victims ‘paid out record $1.1bn in ransoms last year‘

Ransomware gangs targeted hospitals, schools and bodies such as BA and the BBC, Chainalysis finds

International Business Times

Crypto Security On The Rise: 27.78% Year-On-Year Decline In Hacks, Scams

November stood out as the month with the highest reported losses last year, totaling $363,367,327 from 45 incidents.

International Business Times UK

Britain Crypto Renaissance: How will UK market evolve and grow in 2024 With the New FCA Rules?

The new FCA rules coming into full effect on January 8 will create a more civilised and stable environment in the UK for crypto firms and traders.

TechRadar

Hackers stole billions of dollars of crypto in 2023

Crypto thefts are still less than what was stolen in 2022, or in 2021.

Fortune

The crypto use case of 2023: Law enforcement

Respondents to a TRM Labs survey estimated that 40% of offenses investigated by their agencies involved crypto.

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