Tag: Chainalysis
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Iran’s Crypto Outflows Surge 70% Amid Sanctions
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Iran’s Crypto Outflows have skyrocketed by 70% in 2024, reaching $4.2 billion, as reported by blockchain analytics firm Chainalysis. This sharp rise underscores the growing reliance on digital assets for capital flight amid escalating sanctions and economic turmoil. Geopolitical Instability Fuels Crypto Surge Sanctions and financial restrictions have made global banking access nearly impossible for…
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Crypto Thefts Surge to $2.2bn in 2024, North Koreans Lead the Way
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In 2024, cryptocurrency theft reached a staggering $2.2bn, marking a 21% increase from the previous year. According to blockchain analytics firm Chainalysis, North Korean hackers were responsible for 61% of these stolen funds. This year also saw an increase in incidents, with 303 hacks compared to 282 in 2023, making it the fifth time in…