Crime
2023 Crypto Crime Mid-year Update: Crime Down 65% Overall, But Ransomware Headed for Huge Year Thanks to Return of Big Game Hunting
The 2023 Mid-Year Crypto Crime Update is here! After a year of recovery, crypto crime is down significantly this year but ransomware activity is rising.
Multichain Protocol Experiences Mysterious Withdrawals, Suggesting Multi-Million Dollar Hack or Rug Pull [UPDATED 7/19/23]
On July 6, 2023, Multichain experienced unusually large withdrawals in what appeared to be a hack or rug pull. Read to learn more.
Cryptocurrency Mining Pools and Money Laundering: Two Real World Examples
Learn how cybercriminals can money launder cryptocurrency via mining pools, with two real world examples involving ransomware and scams.
[UPDATED 12/1/23] South Korea Sanctions North Korea Hacking Group Kimsuky, Identifies Related Crypto Addresses. U.S. and Japan Follow Suit.
South Korea’s Ministry of Foreign Affairs (MOFA) sanctioned Kimsuky, a North Korean hacking group. Learn about Kimsuky's on-chain activity.
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 in prison for stealing millions from victims in a banking scam. Read to learn more about iSpoof, the Metropolitan Police Service's coordinated investigation, and an analysis of related on-chain activity.
Crypto and the Opioid Crisis: What Blockchain Analysis Reveals About Global Fentanyl Sales [UPDATED 3/7/24]
We analyze crypto and the opioid crisis, addresses associated with chemical shops suspected of selling fentanyl precursors & darknet market activity.
OFAC and South Korea’s Ministry of Foreign Affairs Sanction Entities Associated with North Korean Hacking and IT Worker Crypto Payment Schemes
OFAC sanctioned Chinyong IT and employee for placing North Korean IT workers in overseas roles, funneling money back to DPRK via crypto.
OFAC Sanctions Dubai-based Financial Services Firm and CEO for Role in Russian Sanctions Evasion, Includes Crypto Address as SDN Identifier
OFAC sanctioned John Hanafin and Dubai-based firm Huriya for helping Russian nationals move assets abroad. Read here for the crypto angle.
United States Sanctions and Charges Russia-based Ransomware Developer Mikhail Matveev
Mikhail Matveev is a Russia-based ransomware developer sanctioned by OFAC and charged by the DOJ in May 2023. Read to learn more.
The $80 Million Qubit Hack Likely the Work of North Korea-linked Cybercriminals
Read our blog to learn how North Korean hackers exploited cross-chain bridge Qubit, then laundered funds via mixers and other crypto services.
DPRK Facilitators Charged and Sanctioned, Shedding Light on North Korean Crypto Money Laundering Processes
OFAC sanctioned three individuals operating in China for facilitating DPRK cryptocurrency money laundering activities. Learn more.
Chinese Chemical Businesses, Latin American Drug Cartel Associates Charged and Sanctioned for Bitcoin-based Sale of Fentanyl Precursors
On April 14, 2023, the Office of Foreign Assets Control (OFAC) sanctioned individuals and entities in China and Latin America for their role in fentanyl manufacturing and trafficking.
Fraud Shop Genesis Market Shut Down in International Law Enforcement Operation, Sanctioned by OFAC
Notorious fraud shop Genesis Market was shut down by law enforcement and sanctioned by OFAC in April 2023. Read to learn more.
$197 Million Stolen: Euler Finance Flash Loan Attack Explained [UPDATED 4/6/23]
On March 13, 2023, hackers stole $197 million from DeFi protocol Euler Finance. Learn how the attacker did it using flash loans here.
Oracle Manipulation Attacks are Rising, Creating a Unique Concern for DeFi
Oracle manipulation attacks are rising and creating a unique concern for DeFi. We break down the Mango Makets exploit and price oracle manipulation attacks.
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