Stolen funds
2025 Crypto Crime Mid-year Update: Stolen Funds Surge as DPRK Sets New Records
Key findings Stolen funds With over $2.17 billion stolen from cryptocurrency services so far in 2025, this year is more…
Italian Carabinieri Leverage Chainalysis to Dismantle €8.8M Illicit Crypto Exchange, Employing Advanced Forensics to Decrypt Seed Phrases and Seize Illicit Assets
TL;DR: The Cryptocurrency Section of the Italian Carabinieri recently arrested Franco Lee, a Chinese national operating an illicit cryptocurrency exchange…
First-Ever Crypto Seizure in Greece: How Chainalysis Reactor Helped Authorities Recover Funds from the $1.5B Bybit Hack
TL;DR: In their first-ever cryptocurrency seizure, the Hellenic Anti-Money Laundering Authority, with help from Chainalysis, traced and froze a portion…
The Importance of Blockchain Security and How to Prevent Threats Before They Strike
TL;DR Illicit cryptocurrency addresses received approximately $40.9 billion in 2024, highlighting the urgent need for stronger blockchain security. Key threats…
Preventing Large-Scale Crypto Hacks: Key Security Measures for Exchanges
Following the Bybit exchange hack on February 21, 2025, the cryptocurrency industry is once again reminded of the concrete consequences…
Bybit Hack: Leveraging Transparency for Collaboration in the Wake of Record-Breaking Theft
[UPDATED: February 27, 2025; 9:40am EST] This blog has been updated to reflect the latest updates on the Bybit hack.…
2025 Crypto Crime Trends: Illicit Volumes Portend Record Year as On-Chain Crime Becomes Increasingly Diverse and Professionalized
In recent years, cryptocurrency has become increasingly mainstream. Although illicit activity on-chain previously revolved heavily around cybercrime, cryptocurrency is now…
$2.2 Billion Stolen from Crypto Platforms in 2024, but Hacked Volumes Stagnate Toward Year-End as DPRK Slows Activity Post-July
Crypto hacking remains a persistent threat, with four years in the past decade individually seeing more than a billion dollars’…
2024 Crypto Crime Mid-year Update Part 1: Cybercrime Climbs as Exchange Thieves and Ransomware Attackers Grow Bolder
Key findings Aggregate illicit activity on-chain has dropped by almost 20% year-to-date, demonstrating that legitimate activity is growing more quickly…
Case Study: Tracking On-Chain Activities of Suspected FTC Impersonators
The Federal Trade Commission (FTC) recently issued a press release, warning consumers of scammers impersonating FTC staff members in attempts…
2024 Chainalysis Crypto Crime Report Preview – Ep. 97
Episode 97 of the Public Key podcast is here! The highly anticipated Chainalysis 2024 Crypto Crime Report is being downloaded…
Funds Stolen from Crypto Platforms Fall More Than 50% in 2023, but Hacking Remains a Significant Threat as Number of Incidents Rises
Over the last few years, cryptocurrency hacking has become a pervasive and formidable threat, leading to billions of dollars stolen…
Chainalysis in Action: Department of Justice Announces Second-Largest Ever Crypto Seizure, with $3.36 Billion in Bitcoin Seized from Silk Road Hacker
In November 2021, IRS Criminal Investigations (IRS-CI) seized 50,676 Bitcoin from James Zhong, an American who pled guilty to wire…
Inside the iSpoof Blockchain Investigation: This Fraud Tool Helped Scammers Steal Over £100 Million
On May 19, 2023, Tejay Fletcher, the administrator behind the fraud-enabling website iSpoof, was sentenced to more than 13 years…
Lessons from $11 Billion in Recovered Cryptocurrency: The Industry Needs Proper Incident Response
As digital currencies grow in popularity, crypto organizations face increasing risk of stolen funds through hacks with attack vectors like…