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The Latest Breaking News from Chainalysis

Ransomware payments set to hit a new high in 2023 - here's how to stay safe

Big game hunting is back on the menu, as hackers get more successful.

TechRadar

Inside Israel’s historic seizure of Hezbollah and Quds-linked crypto accounts

How Israel’s counterterrorism unit worked with Binance and Chainalysis to seize $1.7 million of crypto financing.

Fortune

Crypto thefts totalled $3.8bn in 2022

Thieves stole a record $3.8 billion worth of cryptocurrency in 2022 as sanctions on North Korea drove a surge in suspected hacking by the isolated country.

Bangkok Post

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Crypto hacks hit new record as government plans to ramp up regulation

As much as $3.8 billion was stolen over the course of 2022, with huge spikes in March and October

Evening Standard

U.S. infiltrates big ransomware gang: ‘We hacked the hackers’

U.S. officials and foreign partners said the targeted syndicate, known as Hive, is among the world’s top five ransomware networks and has heavily targeted health care.

Chicago Sun-Times

Tracers in the Dark by Andy Greenberg

Episode 438 of the Cyberlaw Podcast

Reason

Illegal crypto activity hit all-time high of $20 billion in 2022

some crypto crooks may be shifting their focus to more vulnerable targets amid a Bitcoin bear market

Evening Standard

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The future of U.S. crypto sanctions

A new Chainalysis report highlights how the Office of Foreign Assets Control has been targeting bad actors in the crypto sector.

Fortune

Overshadowed by failures, crypto hacking exacts higher price

The cryptocurrency industry is circling the wagons in defense as hackers siphon more money from the sector each year.

Tribune News Service

Overshadowed by failures, crypto hacking exacts higher price - Roll Call

The cryptocurrency business is losing more money to hackers, losses that have been overshadowed by the high-profile failures in the sector.

Roll Call

North Korea's nuclear program is funded by stolen cryptocurrency. Could it collapse now that FTX has?

Since the world’s second-largest crypto exchange, FTX, declared bankruptcy earlier this month, the flow-on effects have been felt far and wide.

The Conversation

How North Korea became a mastermind of crypto cyber crime

Cryptocurrency theft has become one of the regime’s main sources of revenue and underlines the lack of regulation of digital assets

Financial Times

Exclusive-Crypto exchange Binance helped Iranian firms trade $8 billion despite sanctions

Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite U.S. sanctions intended to cut Iran off from the global financial system, blockchain data show.

Reuters

City traders retreat to Bitcoin as ‘safe haven’ after sterling crash

The UK is the only major Western European country that grew its cryptocurrency market over the past year

Evening Standard

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The Times of India

In charts: October biggest month ever for crypto hackers;$3 billion stolen in 2022 already

NEW DELHI: October emerged as the biggest month ever for crypto hacking activities as over $718 million has been stolen from decentralized finance protocols so far this month, according to data analysed by blockchain specialist Chainalaysis.

Evening Standard

Plunging pound could be lifting UK crypto growth

The UK ranks 17th globally for crypto adoption, up four places from 2021

Evening Standard

£1.6 billion in cryptocurrency stolen as hackers exploit coding flaws

North Korea-affiliated groups are thought to be behind many of the hacking attempts

Benzinga

$2B In Crypto Stolen From Cross-Chain Bridges In 2022: Chainalysis

An estimated $2 billion worth of cryptocurrencies has been stolen from cross-chain bridges across 13 separate hacks so far this year.

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The Guardian - UK

NFT sales hit 12-month low after cryptocurrency crash

Sales of non-fungible tokens totalled just over $1bn in June, compared with peak of $12.6bn in January

Businessweek

Did Razzlekhan and Dutch Pull Off History’s Biggest Crypto Heist?

The novelty rapper and her startup-guy husband are now facing trial, but some of the proceeds from the $8 billion Bitfinex hack still haven’t been recovered.

Reuters

North Korea may be behind new $100 million cryptocurrency hack, experts say

North Korean hackers are most likely behind an attack last week that stole as much as $100 million in cryptocurrency from a U.S. company, three digital investigative firms have concluded.

Benzinga

How Bitcoin Crash Could Hurt Kim Jong-Un's Weapons Tests

A plunge in the prices of cryptocurrencies has dwindled the value of digital coins stolen by North Korean hackers, potentially denting a key source of funding Kim Jong-Un would require to fund his ambitious weapons programs.

Reuters

Crypto crash threatens North Korea's stolen funds as it ramps up weapons tests

The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programmes.

Benzinga

Here Are The Women Leading The Journey Toward Web3

Influencer, entrepreneur, speaker, and prominent NFT advocate, Gary “Vee” Vaynerchuk, is making good on his promises to holders of his VeeFriends NFTs with VeeCon 2022 — a conference “around Web3 and Culture” that kicks off next week in Minneapolis.

The Guardian - UK

NFTs: the great rush may be over – but are they in actual decline?

Jack Dorsey’s first tweet sold for $2.9m in 2021 then could not get past $14,000 at auction last month. But some projects have thrived

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