Chainalysis

📢 PSA: We've received reports that bad actors are impersonating us. If you get any of these messages, don't hesitate to contact local law enforcement and security@chainalysis.com. We will NEVER reach out to you FIRST and: 💰Ask you for funds 💸Promise you lost funds from hacks 📵Send you unsolicited phone calls, emails, telegram messages, or texts Again, if you receive any message like this, please get in touch with your local law enforcement or security@chainalysis.com.

Today, OFAC sanctioned nearly 400 entities in an effort to disrupt Russia's military supply chain, including KB Vostok OOO — a Russian developer known for creating UAVs deployed by Russian forces in Ukraine. In addition to soliciting cryptocurrency donations, KB Vostok is has also likely facilitated sales of drones with cryptocurrency. Learn more about this important action: https://lnkd.in/g3ZA5RFn

📣 #Crypto Policy Update: 🇦🇪On 20 August, Abu Dhabi’s International Financial Center, 𝐀𝐛𝐮 𝐃𝐡𝐚𝐛𝐢 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 (𝐀𝐃𝐆𝐌) 𝐫𝐞𝐥𝐞𝐚𝐬𝐞𝐝 𝐚 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐭𝐢𝐨𝐧 𝐩𝐚𝐩𝐞𝐫 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐢𝐬𝐬𝐮𝐚𝐧𝐜𝐞 𝐨𝐟 𝐟𝐢𝐚𝐭-𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐝 𝐭𝐨𝐤𝐞𝐧𝐬 (𝐅𝐑𝐓𝐬). FRTs are a category of stablecoins, that are referenced to a fiat currency, backed by high quality liquid assets and can be rapidly liquidated with minimal adverse price impact. What should industry players take note? 🔹𝐑𝐞𝐬𝐞𝐫𝐯𝐞 𝐚𝐬𝐬𝐞𝐭𝐬 🏦 : The paper proposes permitting composition of reserve assets to include high quality liquid assets. It also proposes a flexible approach to reserve management, permitting the issuer to set allocation limits, while ensuring that issuers maintain sufficient cash to meet redemption requests. 🔹𝐈𝐧𝐜𝐨𝐦𝐞 𝐟𝐫𝐨𝐦 𝐫𝐞𝐬𝐞𝐫𝐯𝐞 𝐚𝐬𝐬𝐞𝐭𝐬 💸: Issuers may distribute income from reserve assets to FRT holders, provided the FRTs are not marketed as investment or savings products and are in compliance with other regulatory requirements. 🔹 𝐑𝐞𝐝𝐞𝐦𝐩𝐭𝐢𝐨𝐧 🪙: FRT holders are proposed to have the right to redeem their tokens at par value on demand and can claim reserve assets if the issuer fails to meet redemption obligations. Issuers must return the par value within two business days (T+2) of a redemption request, with some exceptions. 🔹 𝐀𝐌𝐋/𝐂𝐅𝐓 🛡 : The paper proses that existing regulations for VASPs on anti-money laundering, transaction monitoring, and the Travel Rule, amongst others, would continue being applicable to FRTs. 🔹 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐫𝐞𝐬𝐭𝐫𝐢𝐜𝐭𝐢𝐨𝐧𝐬 ❌: Issuers could face tightened restrictions on their businesses to prohibit provision of non-issuance services, and avoid exposure to risks beyond the primary activity. 🔹𝐀𝐜𝐜𝐞𝐩𝐭𝐞𝐝 𝐅𝐑𝐓𝐬 🕴️: Only FRTs approved by the FSRA can be issued, marketed, or accepted as payment within ADGM by the authorised persons. FSRA may publish an accepted list of FRTs and could also undertake review of FRTs on a case by case basis for inclusion in the list. ADGM is seeking responses to its consult paper with a deadline of October 3, 2024. Read more here: https://bit.ly/3yR1FCw

🔍 𝐈𝐬 𝐲𝐨𝐮𝐫 𝐚𝐠𝐞𝐧𝐜𝐲 𝐫𝐞𝐚𝐝𝐲 𝐭𝐨 𝐭𝐚𝐜𝐤𝐥𝐞 𝐜𝐫𝐲𝐩𝐭𝐨-𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐜𝐫𝐢𝐦𝐞𝐬? Here are key areas to consider: 1️⃣ Ensure your agency has advanced technical resources 💻 and specialized investigators 🕵️♂️ proficient in the latest blockchain analysis techniques. 2️⃣ Assess your ability to trace and analyze crypto transactions, ensuring access to actionable intelligence 💡 to gain a strategic advantage during investigations️. 3️⃣ Foster collaboration 🤝 with other agencies and experts to enhance investigative effectiveness. 4️⃣ Provide ongoing training 📚 for investigators and ensure your team is well-trained and certified in blockchain analysis. 📥 For a deeper dive, download our 2024 𝐒𝐭𝐚𝐭𝐞 𝐨𝐟 𝐂𝐫𝐲𝐩𝐭𝐨 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐠𝐚𝐭𝐢𝐨𝐧𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://bit.ly/4bb4lrV

📣 𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫 𝐟𝐨𝐫 𝐂𝐫𝐲𝐩𝐭𝐨 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐠𝐚𝐭𝐨𝐫𝐬! 🕵️♂️ 🕵️♀️ Ready to level up your skills? Join us in our upcoming webinar on 🗓️ 27 August to explore the evolving landscape of #cryptocrime in 2024. Discover our latest cutting-edge advancements in crypto investigation tools designed to deliver actionable insights and streamline asset seizures. 💡🔍 Secure your spot today! 🔗 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐡𝐞𝐫𝐞: https://bit.ly/4ckmTXh

Tackling scams require a coordinated effort 🤝 from all players in the industry, backed by 🔎 quality intelligence. This is why Chainalysis is collaborating with Global Anti-Scam Organization (GASO), a non-profit organization working to help victims of #pigbutcheringscams, rescue victims of #humantrafficking, and collaborate with law enforcement agencies to seize funds and prosecute perpetrators. The intelligence gathered from GASO’s ongoing rescue efforts, research and investigations will now be integrated with the Chainalysis data platform. This will further enable law enforcement agencies, cryptocurrency exchanges and financial institutions using our tools with greater intelligence to disrupt and prevent #scams. Watch this documentary to learn more about the work that GASO is doing: https://bit.ly/3YMYYfV

"𝘛𝘩𝘦 𝘤𝘳𝘪𝘮𝘪𝘯𝘢𝘭 𝘸𝘰𝘳𝘭𝘥 𝘩𝘢𝘴 𝘮𝘰𝘷𝘦𝘥 𝘰𝘯, 𝘵𝘰 𝘣𝘭𝘰𝘤𝘬𝘤𝘩𝘢𝘪𝘯, 𝘵𝘰 𝘵𝘩𝘦 𝘥𝘢𝘳𝘬 𝘸𝘦𝘣, 𝘵𝘰 𝘴𝘰𝘤𝘪𝘢𝘭 𝘮𝘦𝘥𝘪𝘢, 𝘢𝘯𝘥 𝘢𝘭𝘭 𝘵𝘩𝘦𝘴𝘦 𝘥𝘪𝘧𝘧𝘦𝘳𝘦𝘯𝘵 𝘵𝘰𝘶𝘤𝘩 𝘱𝘰𝘪𝘯𝘵𝘴. 𝘈𝘭𝘭 𝘰𝘧 𝘵𝘩𝘦𝘪𝘳 𝘥𝘪𝘨𝘪𝘵𝘢𝘭 𝘴𝘪𝘨𝘯𝘢𝘭𝘴 𝘢𝘳𝘦 𝘢𝘭𝘭 𝘰𝘷𝘦𝘳 𝘵𝘩𝘦 𝘱𝘭𝘢𝘤𝘦.” Check out the latest episode of our 🎙𝐏𝐮𝐛𝐥𝐢𝐜 𝐊𝐞𝐲 𝐏𝐨𝐝𝐜𝐚𝐬𝐭 where we dive deep into how cutting-edge technology is transforming law enforcement investigations and fighting transnational #crypto crime. 🕵️♂️💻 Host Ian Andrews speaks to John Randles, CEO of Siren to learn why 92% of analysts are 😔 unhappy with their current tech stack and how Siren is changing the paradigm of investigations with 💨 quick integration and 📈 advanced analytics. Listen to the full episode here: https://bit.ly/3Mesnbu

👏 🕵♀️ Congrats to the Cayman Islands Police, France's OFAC & BRI, Europol, and Italy's Anti-Mafia Directorate for arresting two crypto theft suspects. The Cayman Islands Police used Chainalysis for on-chain tracing. 👏 🕵♂️

🚨𝐃𝐨𝐞𝐬 𝐭𝐡𝐞 𝐩𝐮𝐛𝐥𝐢𝐜 𝐬𝐞𝐜𝐭𝐨𝐫 𝐡𝐚𝐯𝐞 𝐰𝐡𝐚𝐭 𝐢𝐭 𝐧𝐞𝐞𝐝𝐬 𝐭𝐨 𝐜𝐨𝐧𝐝𝐮𝐜𝐭 🔎 𝐜𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐠𝐚𝐭𝐢𝐨𝐧𝐬? 🕵️♂️💰Findings from our 2024 State of Cryptocurrency Investigations Report reveal that:  🔹 There is a dire need for more resources and staffing 👥 in global crypto investigations.  🔹 Specialist shortage is a critical issue, especially pronounced in regions like LATAM   🔹 There is a significant lack of 🧑💻 technical resources, particularly in LATAM and APAC  🔹 Varied satisfaction levels with current capabilities in each region underscore the need for tailored approaches. Find out more about how public sector agencies can bridge these gaps, download The 2024 State of Crypto Investigations Report: https://bit.ly/4bb4lrV

📣 Part 1 of our mid-year crypto crime update is here! 🔎 While illicit on-chain activity has dropped by almost 20% year-to-date 📉, the average amount of cryptocurrency stolen per heist has increased by almost 80%, and 2024 is shaping up to be the highest-grossing year yet for ransomware payments.📈 Get a detailed analysis on our blog: https://lnkd.in/gJ3gGSjP