Mid-year Crypto Crime Update: Illicit Activity Falls With Rest of Market, With Some Notable Exceptions

2022-08-16 Chainalysis

https://blog.chainalysis.com/reports/crypto-crime-midyear-update-2022

Thumbnail for Mid-year Crypto Crime Update: Illicit Activity Falls With Rest of Market, With Some Notable Exceptions

Chainalysis' mid-year 2022 crypto crime update finds that overall illicit cryptocurrency volume fell less sharply than legitimate market activity, but stolen funds grew significantly. Through July 2022, hacks had stolen about $1.9 billion from crypto services, with the rise driven largely by attacks on DeFi protocols. The report specifically attributes much of the DeFi theft value to North Korea-affiliated actors, including Lazarus Group, and estimates that DPRK-linked groups had stolen roughly $1 billion from DeFi protocols so far in 2022. For Lazarus Day tracking, the key finding is the continued use of DeFi protocol exploitation as a major DPRK revenue source despite the broader market downturn.

Indicators of Compromise

Type Value First Seen Last Seen
DOMAIN juicyfields.io 2022-08-16 2022-08-16
DOMAIN cashfxgroup.com 2022-08-16 2022-08-16
DOMAIN unique-exchange.co 2022-08-16 2022-08-16

Related Reports

« Back