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Manhattan, NY
Joined December 2014
Final call to register! Join Chainalysis’s Jackie Koven as she breaks down the ransomware ecosystem and key trends of the past year at the virtual ISMG Cybersecurity Summit EMEA. Link below! events.ismg.io/event/virtual…
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You can read our latest blog to learn more about money laundering in cryptocurrency, or download the full 2021 Crypto Crime Report here. bit.ly/3rEp9RW
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Below, we plot the 270 addresses mentioned above by total illicit crypto received vs. share of all crypto received that is illicit. Illicit crypto is a small share of all crypto received for many. But not those receiving the most illicit crypto overall. bit.ly/3u3v2KK
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Put another way: 55% of all illicit crypto sent goes to deposit addresses for which illicit crypto represents over half of all crypto received. That figure rises to 71% for addresses receiving 30% or more of all crypto from illicit addresses. bit.ly/3u3v2KK
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So, where does money laundering happen? At a high level, most funds sent from illicit addresses go to exchanges and a category we label as risky services, which includes high-risk exchanges and mixers. bit.ly/3u3v2KK
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Overall, funds sent from illicit addresses aren’t distributed evenly -- they tend to be concentrated at just a few services in any given year. bit.ly/3u3v2KK
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Things get more interesting when we zoom in to the deposit address level. This graph shows all deposit addresses that received illicit crypto in 2020 bucketed by amount received. A small group of 270 took in 55%, or $1.3B worth. bit.ly/3u3v2KK
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Notably, this represents an increase in money laundering concentration compared to 2019. bit.ly/3u3v2KK
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2021's Chinese New Year has arrived! Wishing everyone a safe and prosperous Year of The Ox. Gong xi fa cai! 🎉 🎊
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Download the report to read these stories and more. bit.ly/3rEp9RW
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Some good news first and foremost: Criminal activity represented just 0.34% of all cryptocurrency transaction volume in 2020 -- roughly $10B in USD. That’s a huge decrease from last year. bit.ly/3rEp9RW
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But ransomware bucked that trend. Ransomware attackers stole 4x more from victims in 2020. Using blockchain analysis, we found connections btwn some of 2020’s biggest ransomware strains -- both affiliate overlap and shared money laundering infrastructure. bit.ly/3rEp9RW
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Darknet markets also did more business in 2020. At the same time though, individual purchases fell, as did the number of active markets amid shutdowns and exit scams. Competitive forces appear to be causing consolidation in DNMs. bit.ly/3rEp9RW
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Scam revenue plummeted in 2020, with no scams approaching the large-scale Ponzi schemes of previous year’s like PlusToken. Our report goes in-depth on Mirror Trading International, which took in nearly $600M worth of cryptocurrency in 2020. bit.ly/3rEp9RW
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More good and bad news: Less cryptocurrency overall was stolen in exchange hacks in 2020. But the DPRK-associated Lazarus Group pulled off one of the biggest ever exchange hacks, taking $275M+ worth, then moved the funds to mixers and DeFi platforms. bit.ly/3rEp9RW
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Our 2021 Crypto Crime Report is here! Get 100+ pages of original data, research, & case studies on the latest trends in cryptocurrency-related crime, such as the ransomware spike, concentration in money laundering, darknet markets' difficulties, and more. bit.ly/3rEp9RW
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Want to learn about the data behind Bitcoin's rally? Our Chief Economist @philip_gradwell will join @Blockworks_ along with @KaikoData CEO @ambresoub and @LanternVentures CEO Tara MacAulay for a webinar on Feb 24 at 12pm ET to discuss! Sign up here. blockworks.co/webinars/what-…
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Our hearts are heavy with the news of the deaths of FBI Special Agents Daniel Alfin and Laura Schwartzenberger. Their work fighting the abuse and exploitation of children won’t be forgotten. The Chainalysis team sends our condolences to the victims’ families and the agency.
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The darknet market had a record year trib.al/1ABH6aD
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We’re pleased to announce Chainalysis is partnering with leading threat intel company, Flashpoint, to provide users the necessary insights to investigate and take action against criminal activity on the blockchain. Read the full announcement here: bwnews.pr/3taskTh
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