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The Latest Breaking News from Chainalysis

£1.6 billion in cryptocurrency stolen as hackers exploit coding flaws

North Korea-affiliated groups are thought to be behind many of the hacking attempts

Evening Standard

$2B In Crypto Stolen From Cross-Chain Bridges In 2022: Chainalysis

An estimated $2 billion worth of cryptocurrencies has been stolen from cross-chain bridges across 13 separate hacks so far this year.

Benzinga

NFT sales hit 12-month low after cryptocurrency crash

Sales of non-fungible tokens totalled just over $1bn in June, compared with peak of $12.6bn in January

The Guardian - UK

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Did Razzlekhan and Dutch Pull Off History’s Biggest Crypto Heist?

The novelty rapper and her startup-guy husband are now facing trial, but some of the proceeds from the $8 billion Bitfinex hack still haven’t been recovered.

Businessweek

North Korea may be behind new $100 million cryptocurrency hack, experts say

North Korean hackers are most likely behind an attack last week that stole as much as $100 million in cryptocurrency from a U.S. company, three digital investigative firms have concluded.

Reuters

How Bitcoin Crash Could Hurt Kim Jong-Un's Weapons Tests

A plunge in the prices of cryptocurrencies has dwindled the value of digital coins stolen by North Korean hackers, potentially denting a key source of funding Kim Jong-Un would require to fund his ambitious weapons programs.

Benzinga

Crypto crash threatens North Korea's stolen funds as it ramps up weapons tests

The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programmes.

Reuters

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Here Are The Women Leading The Journey Toward Web3

Influencer, entrepreneur, speaker, and prominent NFT advocate, Gary “Vee” Vaynerchuk, is making good on his promises to holders of his VeeFriends NFTs with VeeCon 2022 — a conference “around Web3 and Culture” that kicks off next week in Minneapolis.

Benzinga

NFTs: the great rush may be over – but are they in actual decline?

Jack Dorsey’s first tweet sold for $2.9m in 2021 then could not get past $14,000 at auction last month. But some projects have thrived

The Guardian - UK

£30 billion spent on NFTs already this year as investment set to surpass 2021 total

Investment into NFTs is on track to surpass last year’s total despite declining hype and attention in the digital assets.

Evening Standard

Crypto-crimewave forces police online to pursue ill-gotten assets

Scams relating to digital ‘coins’ are growing – but data reveals authorities are making record seizures of assets too

The Guardian - UK

North Korea, NFTs and a hit video game: inside a $500m cryptocurrency theft

Another high-profile hack has raised more questions about the vulnerabilities of the blockchain

The Guardian - US

Why Russian Oligarchs Can't Evade Sanctions Through Bitcoin

Blockchain data platform Chainalysis explored if Bitcoin (CRYPTO: BTC) can be used for mass Russian sanctions evasion in a recent blog. Here are their findings:

Benzinga

Bitcoin Won't Help Russia Bypass World Sanctions

Cryptocurrencies are not the threat to U.S. financial power the elites want to present.

Reason

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The Guardian - UK

Could Putin be exploring cryptocurrencies to bypass western sanctions?

Debate rages over whether Russian banks could use crypto such as bitcoin as an alternative currency exchange

Benzinga

BNY Mellon Will Track Clients Bitcoin, Ethereum And Dogecoin Transactions

Bank of New York Mellon Corp (NYSE: BK) has partnered with blockchain analytics firm Chainalysis to track its clients' cryptocurrency transactions.

Benzinga

Criminal Crypto Whales Hold $25B In Private Wallets: Report

A report from blockchain analytics firm Chainalysis says that close to 4% of whales in the crypto space are criminals. What Happened: Chainalysis identified 4,048 criminal whales that hold over $25 billion worth of cryptocurrency.

Evening Standard

Crypto crime wave accelerates as report finds thousands of ‘whales’ hold $25 billion in stolen funds

A Chainalysis report reveals new all-time-highs in cryptocurrency hacks and scams.

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