Cryptojacking accounted for 73% of the total value received by malware related addresses between 2017 and 2021, according to a new malware report from blockchain analysis firm Chainalysis.Malware is used to conduct nefarious activity on a victim’s device such as a smartphone or PC after being downloaded without the victim’s knowledge. Malware-powered crime can be anything from … [Read more...] about ‘Less sophisticated’ malware is stealing millions: Chainalysis
Chainalysis
Crypto Crime Hit All-Time High of $14B in 2021 as Prices Climbed: Chainalysis
Scams accounted for the lion’s share of crime in 2021, rising 82% to reach $7.8 billion. According to Chainalysis’ report, nearly $3 million of that total came from rug pulls, which are an increasingly popular crypto scam where developers build legitimate-looking projects, load their pockets and then disappear. Source link … [Read more...] about Crypto Crime Hit All-Time High of $14B in 2021 as Prices Climbed: Chainalysis
DeFi ‘Rug Pull’ Scams Pulled In $2.8B This Year: Chainalysis
Thodex was the only ‘centralized’ rug pull on the list, with all others belonging to the decentralized finance (DeFi) category. DeFi projects rely on smart contracts for offering financial services, such as trading, lending, or borrowing, to users. Source link … [Read more...] about DeFi ‘Rug Pull’ Scams Pulled In $2.8B This Year: Chainalysis
Robinhood Turns to Chainalysis for Data, Compliance Tools
Crypto tracing firm Chainalysis said it will provide data and compliance tools to Robinhood’s online crypto trading service, Robinhood Crypto.Chainalysis said Robinhood (Nasdaq: HOOD) will use the software to meet compliance requirements and help keep accounts safe, the company said in a blog post Monday.Robinhood Crypto will use Chainalysis KYT to flag “risky and illicit … [Read more...] about Robinhood Turns to Chainalysis for Data, Compliance Tools
Chainalysis Blockchain Data Platform to Integrate Lightning Network
Chainalysis blockchain data monitoring platform is launching support for the Lightning Network, according to a press release shared with CoinDesk on Dec. 10.Users of Chainalysis’ Know Your Transaction platform (KYT) will be able to prescreen for Lightning withdrawals and behavioral alerts, so that they can compliantly allow BTC deposits and withdrawals from Lighting nodes, the … [Read more...] about Chainalysis Blockchain Data Platform to Integrate Lightning Network