Public Key Podcast

The Chainalysis 2023 Crypto Crime Report Preview (Part 2 of 2): Podcast Ep. 42

Episode 42 of the Public Key podcast is here! In this episode, we are back for the second part of an amazing conversation with our occasional co-host and Director of Research at Chainalysis, Kim Grauer, who gives us even more insights into the highly anticipated Crypto Crime Report. This is Part 2 of 2. 

You can listen or subscribe now on Spotify, Apple, or Audible. Keep reading for a full preview of episode 42.

Read and listen to part 1 of the 2023 Crypto Crime Report Preview. 

Public Key Episode 42 preview: More sneak peeks of the highly anticipated 2023 crypto crime report

Sanctions were a huge focus for regulatory bodies in 2022, and we saw an increase in designations of Russian-based cryptocurrency exchanges and organizations propagating the war efforts against Ukraine.  

In this episode, Ian Andrews (Chief Marketing Officer, Chainalysis) is joined by occasional co-host and Director of Research at Chainalysis, Kim Grauer, for the second part of a great conversation. 

Kim provides insights into sanction designations and shares that the 2023 Crypto Crime Report looks into whether cryptocurrency sanctions are effective. She discusses cryptocurrency recovery efforts by law enforcement and explains how much we should be weighing proof of reserves as a sign of crypto exchange solvency. 

Quote of the episode

“What we focused on in the sanction report this year is actually trying to say, hey, can we use data to answer these questions? Because we see all of the people that were using Hydra [Market], we know who those wallets are. Are they using a new service?  And so we could estimate how effective sanctions have been in cryptocurrency on the whole. And what we found was it’s very varied.”
– Kim Grauer (Director of Research, Chainalysis)

Minute-by-minute episode breakdown

  • (2:15) – Is web3 and cryptocurrency dead?
  • (7:10) – What to expect in 2023 regarding cryptocurrency seizures and law enforcement recovery activity  
  • (11:45) – The outlook on cryptocurrency sanctions after significant enforcement actions in 2022
  • (1742) – Should proof of reserves be the proper method to audit crypto exchanges financial solvency 
  • (21:45) – Cybersecurity and the other big themes for 2023
  • (25:25) – The collapse of crypto juggernauts and the contagion felt by the entire industry

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Speakers on today’s episode

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