A major contributor to the growth in pig butchering and employment scams is the ongoing industrialisation of the fraud ecosystem, report finds
illicit cryptocurrency
Latest in illicit cryptocurrency
Blockchain
UAE’s crypto regulation offers model for others as new report reveals rising extremist funding in Europe: Experts
A new report suggests that Europe’s crypto extremism problem is growing faster than anyone expected
Blockchain
Chinese crypto’s $100mn ‘pig butchering’ problem fuels global surge in child abuse content, human trafficking: Report
The average lifespan of crypto scams has decreased from 271 days in 2020 to just 42 days in 2024
Blockchain
Russian-linked exchange drives $30bn peak in $100bn crypto laundering surge: Report
Previous research by Chainalysis found that a significant portion of cryptocurrency transactions involving Garantex were linked to illicit activities or high-risk services between 2019 and 2021
Crypto Crime Trends
Cryptocurrency transaction crimes reach ‘all-time high’ to $20.1bn
Funds received by sanctioned entity Garantex accounts for much of 2022’s illicit cryptocurrency transaction activity
Bitcoin
US seizes $1 billion in crypto from dark web drug marketplace
Supposedly the largest amount of illicit finds ever recovered by federal law enforcement, the bitcoins were stolen from the dark web
Blockchain
Nearly $1.68bn worth of crypto stolen in first four months of 2022 as hackers set sights on DeFi and NFTs
The volume of illicit cryptocurrency transactions as a share of the overall market is at an all-time low, experts said