India's Ministry of Home Affairs is developing CIAT, a tool to monitor digital currency transactions, combat fraud, and enhance security, focusing on dark web activities.
Chainalysis recent report looks at both on-chain and real-world data to measure the 'grassroots' adoption of blockchain technology and digital currencies.
Onchain analytics firm Chainalysis and professional services firm Deloitte join forces to deploy KYC and AML tools, assisting law enforcement in taking down digital currency bad actors.
'Crypto' crime inflows slumped over $5.2 billion this year from the same period in 2022, with authorities crediting it to the reduction in outright scams and the demise of two major criminal groups.
The center will provide blockchain training for law enforcement across the region and offer 24/7 case support for local law enforcement as part of the collaboration, according to Chainalysis.
Chainalysis reports that scammers brought in $5.9 billion in 2022, a dip from the $11 billion from previous year, although romance scams account for a disproportionate share of victims.
Apart from the planned meeting with EU officials on the MiCA regulations, U.S. authorities will also hold talks with controversial digital asset firms, including Binance, Ripple, and Coinbase.
The Chainalysis report says that a record 48% all cyber criminals now prefer centralized exchanges, shining a light on Binance and other unregulated exchanges.
Chainalysis says 2022’s estimates are further complicated by the year’s unprecedented carnage that followed the collapse of major crypto firms, such as Celsius, Three Arrows Capital (3AC), and FTX.
The founder of DXS clarifies that the incident in March that led to the capture of 7,579 BSV was not a security breach but a system vulnerability tied to unlawful profit-taking.
According to a recent assessment by Chainalysis, a large chunk of ETH tokens that went missing from FTX wallets was stolen, while some funds had gone to the Bahamian regulator's wallets.