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Chainalysis launches Crypto Crime Incident response program
June 24, 2022
Targeted organizations that have opted for coverage from the unit will get access to a 24/7 hotline. Once contact has been made between the victim organization and the response unit, Chainalysis will assign a team of experts “to work around the clock and side-by-side” with them, and, if need be, help liaise with law enforcement.
According to Chainalysis’s data, legitimate use of crypto is far outpacing criminal usage just 0.15% of transactions last year involved illicit addresses–but crypto heists employing hackers or ransomware are at an all-time high.
Between 2019 and 2020 there was a quintupling in the total value looted by ransomware attackers, from $144 million to $728 million–a level that held steady throughout 2022.
Meanwhile, the total value looted by hackers rose to an all-time high of over $3 billion last year and has been well under a billion during 2020. The total number of hacks rose from 117 in 2020 to 251 in 2021.
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