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Manhattan, NY
Joined December 2014
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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Chainalysis retweeted
I’m joining Amanda Wick of @chainalysis on March 4th for a discussion on “Women in Crypto”. We’ll talk all things digital assets and financial innovation. Join us here: bit.ly/3dLvN5j
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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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Chainalysis retweeted
The realised gain of bitcoin between entering and exiting exchanges is $78 billion over all time. That is to say, if all the bitcoin ever deposited on exchanges was bought immediately and then only sold when it was withdrawn, the profit from that trade so far would be $78 bn.
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Chainalysis retweeted
Finally got my hands on @chainalysis 's yearly #Crypto #Crime Report! 👩‍💻🕵️‍♀️Been waiting for this for months! Let's dig in 😁
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Check out the recording of today's discussion on #CDTV for a breakdown of the charts that matter as #bitcoin hits record highs
Coming up at 3 p.m. ET, beauty mogul @MichellePhan and @chainalysis's @philip_gradwell join host @christinenews on #CDTV's All About Bitcoin. Watch on CoinDesk.TV.
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This article incorrectly states that four services we name in our report are significant sources of money laundering activity. Our report actually used them as definitional examples. We anticipate Decrypt will correct its article to reflect the facts.
Just Five Services Launder Half of All Illicit Crypto: New study ► decrypt.co/57778/just-five-s…
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Chainalysis retweeted
Bitcoin closing in on $50k shows how a transparent financial system is providing more freedom and less risk. Thank you for the questions today @AshWebsterFBN from @FoxBusiness
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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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Who owns these deposit addresses? We know from transaction patterns and from our own investigations that most likely belong to nested services operating at exchanges, such as OTC brokers and instant exchangers. bit.ly/3u3v2KK
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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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Our takeaway: Most money laundering in cryptocurrency is conducted by a small group of nested services who can be identified through blockchain analysis, as a huge percent of all crypto they receive comes from illicit addresses. bit.ly/3u3v2KK
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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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