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$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’…

Stolen funds

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…

Stolen funds

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…

Stolen funds

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…

Stolen funds

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…

Stolen funds

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…

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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…

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Stolen funds

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…

Stolen funds

The $80 Million Qubit Hack Likely the Work of North Korea-linked Cybercriminals

Qubit was a South Korea-based DeFi lending protocol built on the BNB chain. Qubit also ran an associated protocol, the…

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$197 Million Stolen: Euler Finance Flash Loan Attack Explained [UPDATED 4/6/23]

New updates, 4/6/23: Hacker returns stolen funds, marking one of the largest DeFi recoveries Several weeks after the $197 million…

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Oracle Manipulation Attacks are Rising, Creating a Unique Concern for DeFi

As we’ve covered previously, 2022 was the biggest year in crypto hacking history, with more than $3.8 billion stolen. However,…

Stolen funds

2022 Biggest Year Ever For Crypto Hacking with $3.8 Billion Stolen, Primarily from DeFi Protocols and by North Korea-linked Attackers

2022 was the biggest year ever for crypto hacking, with $3.8 billion stolen from cryptocurrency businesses. Hacking activity ebbed and…

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The Blockchain Bandit is On the Move: Wallet of Prolific Crypto Thief Moves Funds for First Time in Six Years

After six years of hodling, the notorious “Blockchain Bandit” has woken up and begun moving some of the $90 million…

Stolen funds

Mid-year Crypto Crime Update: Illicit Activity Falls With Rest of Market, With Some Notable Exceptions

2022 has been a tumultuous year for cryptocurrency markets, with significant price declines across all currencies in May and June.…

Stolen funds

Vulnerabilities in Cross-chain Bridge Protocols Emerge as Top Security Risk

Following last night’s exploit of the Nomad Bridge, Chainalysis estimates that $2 billion in cryptocurrency has been stolen across 13…