Investigate Live with Chainalysis: Signed, Sealed, Drained

Crypto drainers have evolved. No longer the work of lone opportunists, today’s drainer operations run like professionalized businesses — complete with software providers, affiliates, and launderers, each taking their cut of stolen funds.

In this session of Investigate Live, we work through a real-world case where a victim loses a sizable USDC balance in a single transaction. Within moments, the stolen funds are carved up between the attacker, the drainer service, and its partners — a textbook profit-sharing model that reflects just how organized these operations have become.

From there, the money moves fast: swapped across assets, routed through bridges and cross-chain services, and layered through intermediary wallets on multiple networks. Join us as they trace these funds live in Reactor, demonstrating how to cut through increasingly complex laundering strategies and identify where the money ends up.