Chainalysis

🔴 𝐏𝐒𝐀: We've received reports that bad actors are impersonating us. If you get any of these messages, don't hesitate to contact local law enforcement and security@chainalysis.com. 🔴 𝐖𝐞 𝐰𝐢𝐥𝐥 𝐍𝐄𝐕𝐄𝐑 𝐫𝐞𝐚𝐜𝐡 𝐨𝐮𝐭 𝐭𝐨 𝐲𝐨𝐮 𝐅𝐈𝐑𝐒𝐓 𝐚𝐧𝐝: 🔹 Ask you for funds 🔹 Promise you lost funds from hacks 🔹 Send you unsolicited phone calls, emails, telegram messages, or texts 👉 Again, if you receive any message like this, please get in touch with your local law enforcement or security@chainalysis.com.

Yesterday, the U.S. Department of the Treasury designated five cryptocurrency addresses belonging to Houthi financial facilitator Sa’id al-Jamal, who was designated in 2021 for providing material support to Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and acting as a financial facilitator for the Houthis’ front companies and smuggling networks. The Houthis are a critical part of Iran’s constellation of proxies across the Middle East, and the update to the 2021 designation shines new light on how the Houthis have integrated cryptocurrency into their financial facilitation and procurement networks for themselves, the IRGC-QF, and other Iran-backed proxies. In our blog, we take a closer look at the Sa’id al-Jamal network, including the activity of the five designated cryptocurrency addresses, as well the Houthi movement’s ties not only to Iran, but also to China and Russia. Read our blog to learn more! https://lnkd.in/g2z9_M6g

📣 Wrapping up the week with great news: 𝐂𝐡𝐚𝐢𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐧𝐨𝐰 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐬 𝐋𝐢𝐧𝐞𝐚 𝐝𝐲𝐧𝐚𝐦𝐢𝐜𝐚𝐥𝐥𝐲! 🎉 This means we automatically support fungible and non-fungible tokens that follow the ERC-20, 721, or 1155 standards, greatly enhancing the scope for ⚖️ compliance and 🔎 investigation workflows.

We’re proud to have supported the Ontario Provincial Police Cyber-Enabled Fraud Team through 𝘗𝘳𝘰𝘫𝘦𝘤𝘵 𝘈𝘵𝘭𝘢𝘴, a victim-centred initiative focused on disrupting and preventing scams. Together with OPP as well as law enforcement agencies and cryptocurrency exchanges from Canada, Project Atlas has achieved some incredible results: 🔹 Proactively disrupted over $70 million in crypto scams 🔹 Identified over 2000 victim cryptocurrency wallet addresses 💡 Learn more about 𝘗𝘳𝘰𝘫𝘦𝘤𝘵 𝘈𝘵𝘭𝘢𝘴 here: https://bit.ly/4gMDrcL Chainalysis is committed to working with the industry to disrupt and prevent scams. Find out how we do so through our pioneering initiative, 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐒𝐩𝐢𝐧𝐜𝐚𝐬𝐭𝐞𝐫: https://bit.ly/3OF4Gdh

🚨🔔 It’s another #OFAC designation involving #crypto! Sa’id Ahmad Muhammad Al-Jamal is an Islamic Revolutionary Guards Corps-Qods Force (#IRGCQF) financier who was sanctioned initially on June 10, 2021 for his role in leading a network of shell companies, money service businesses and shipping industry entities to help generate revenue for the #Houthis in Yemen. Today, OFAC has updated the designation to include five cryptocurrency wallets associated with Al-Jamal. More to come on this from Chainalysis later today. 👀 Per Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith, “Today’s action underscores our commitment to leveraging all our tools to disrupt the Houthis’ efforts to acquire weapons, procure dual-use components, and secure additional revenue.”

The first preview chapter for our 2025 Crypto Crime Report is for stolen funds. We look at crypto hacking trends in 2024, the DPRK’s activities, and Hexagate’s use of machine learning models to proactively detect suspicious hacking behaviors, a capability we recently acquired. Here are some notable trends: - Funds stolen increased by approximately 21.07% year-over-year (YoY) to $2.2 billion.  - Although DeFi still accounted for the largest share of stolen assets in the first quarter of 2024, centralized services were the most targeted in Q2 and Q3. - Private key compromises accounted for the largest share of stolen crypto in 2024, at 43.8%. - North Korean hackers stole more from crypto platforms than ever before: $1.34 billion, which represents 61% of the total amount stolen for the year. Read the chapter to learn more: https://lnkd.in/dvvc6Mai

𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐀𝐟𝐫𝐢𝐜𝐚’𝐬 𝐂𝐫𝐲𝐩𝐭𝐨 𝐅𝐮𝐭𝐮𝐫𝐞 𝐰𝐢𝐭𝐡 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 In the fast-evolving world of cryptocurrency, trust and compliance are key. That’s why Busha, one of Africa’s leading crypto exchanges, relies on Chainalysis KYT and Reactor to grade risk, monitor transactions, and stay ahead of regulations. As Michael Adeyeri, Co-Founder and CEO of Busha, says: "With Chainalysis, we don’t have to disrupt what we already do. These tools help us ensure compliance while continuing to serve our customers with fairness and transparency." 👉 Discover how Busha is driving Africa’s crypto revolution: https://bit.ly/3DmNUgL

We’re excited to announce that we have acquired Hexagate, the leading provider of web3 security solutions. Chains, protocols, asset managers, and exchanges leverage Hexagate solutions to detect and mitigate threats including cyber exploits, hacks, and governance and financial risks. Together, Chainalysis and Hexagate provide a holistic risk solution that includes prevention, compliance and remediation. As smart contracts continue to facilitate more value transfer, these capabilities will only become more important. We’re thrilled to welcome Hexagate to the team, and to work together toward a safer, more transparent financial system. To learn more about Hexagate and what this means for Chainalysis, read more on our blog: https://lnkd.in/d4Ahdths  

📣 Exciting news! Our latest update to 🔎 𝐂𝐡𝐚𝐢𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐒𝐢𝐠𝐧𝐚𝐥𝐬 now provides insights into over 3.2 million unidentified clusters across the 🌐 blockchain ecosystem. This includes suspected darknet markets, scams, fraud shops, and more. With Signals, you can: 🔹 Surface hidden threats faster 🔹 Prioritize and inform your investigations with confidence ratings 🔹 Gain a broader and richer understanding of blockchain entities 💡 Want to learn more about how 𝐒𝐢𝐠𝐧𝐚𝐥𝐬 can accelerate your investigations? Head over to https://lnkd.in/eE5Sp6-e for more information.

💭“𝐘𝐨𝐮 𝐜𝐚𝐧 𝐮𝐭𝐢𝐥𝐢𝐭𝐲 𝐚 𝐭𝐨𝐤𝐞𝐧 𝐚𝐥𝐥 𝐲𝐨𝐮 𝐰𝐚𝐧𝐭. 𝐁𝐮𝐭 𝐢𝐟 𝐈 𝐜𝐚𝐧’𝐭 𝐛𝐮𝐲 𝐚 𝐜𝐨𝐟𝐟𝐞𝐞 𝐨𝐫 𝐚 𝐩𝐚𝐢𝐫 𝐨𝐟 𝐬𝐡𝐨𝐞𝐬 𝐰𝐢𝐭𝐡 𝐢𝐭, 𝐢𝐭’𝐬 𝐠𝐨𝐭 𝐧𝐨 𝐮𝐭𝐢𝐥𝐢𝐭𝐲 𝐭𝐨 𝐦𝐞.” 🎧 Tune into the latest episode of 🎙️𝘗𝘶𝘣𝘭𝘪𝘤 𝘒𝘦𝘺 as Phillip Lord, President of Oobit shares how the brand is creating greater utility for crypto. Dive into the world of micro transactions and how Oobit’s partnerships with companies like Tether and TON blockchain will make crypto payments simple and seamless. Listen to the full episode here: https://bit.ly/4gz0PdG