Blockchain analytics firm Chainalysis puts the number at close to $20 billion — the estimated volume of dirty money that flowed through Xinbi, a Chinese-language crypto marketplace, between 2021 and 2025. Now the UK government wants to shut it down. Scam Hubs At The Center Of It All Britain’s Foreign, Commonwealth & Development Office announced…
Tag: chainalysis
Crypto ‘Pig-Butchering’ Scam Escalating Into A National Security Risk— Study
Chain analysts and law enforcement are sounding the alarm about a type of fraud known as “pig-butchering,” in which criminals groom victims online and push them into fake crypto investments. According to Chainalysis, crypto scams sent close to $10 billion on-chain in 2024, with pig-butchering revenue growing almost 40% year-over-year and the number of deposits…
2025 Crypto Thefts Spike: Stolen Funds Hit $2.7 Billion In H1– Report
As the market soars with bullish momentum, crypto theft has also seen a record-breaking performance during the first half of this year. A recent report revealed that stolen funds from services so far have surpassed the numbers from previous years. Stolen Crypto Service Funds Hit $2B In 6 months On Thursday, Chainalysis shared its “2025…