Public Key Podcast

[CHAINALYSIS PODCAST EPISODE 39] The Chainalysis 2023 Crypto Crime Report Preview (Part 1 of 2)

Episode 39 of the Public Key podcast is here! In this episode, we talk with occasional co-host and Director of Research at Chainalysis, Kim Grauer, who gives us a sneak peek at the most interesting stats from the much anticipated 2023 Crypto Crime Report. This is part 1 of 2. 

You can listen or subscribe now on Spotify, Apple, or Audible. Keep reading for a full preview of episode 39.

Public Key Episode 39 Preview: Sneak peek of the highly anticipated 2023 crypto crime report

2022 has brought record highs when it comes to DeFi hacks but also abnormal declines in ransomware attacks. The 2023 Crypto Crime report has the industry’s most important financial crime findings, and we get a guided preview. 

In this episode, Ian Andrews (Chief Marketing Officer, Chainalysis) is joined by occasional co-host and Director of Research at Chainalysis, Kim Grauer, who walks us through emerging investment and pig butchering scams and identifies the factors impacting ransomware attacks over the last 12 months. 

She provides an analysis of the financial crimes affecting web3 and the impact the collapses of major crypto institutions had on the rest of the industry.  She highlights the biggest use cases for crypto around the world and the sudden movement of funds from dormant accounts held by crypto entities linked to illicit activity. 

Quote of the episode

“Scamming and darknet market activity and hacking are all motivated by different things and are all impacted by different kinds of world events. So scamming is down, for example, because asset prices are down. Hacking is up because there are many targets that are still vulnerable and have kind of code exploits that are, that people can take advantage of.” – Kim Grauer (Director of Research, Chainalysis)

Minute-by-minute episode breakdown

  • (3:15) – Crypto crime is at an all-time high, and pig butchering and investment schemes emerging as leading scams.
  • (8:50) – What has happened to Ransomware attacks and crypto payouts over the last 2 years?  
  • (13:05) – Analyzing the NFT, DeFi, and web3 financial crime fluctuations in 2022
  • (17:55) – Tales from the Crypt: Wallet activity of old crypto cases that have come back to life
  • (20:21) – The biggest takeaways from the Chainalysis 2022 Geography of Cryptocurrency Report
  • (25:25) – The collapse of crypto juggernauts and the contagion felt by the entire industry

Related resources

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

Speakers on today’s episode

This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.

Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.

Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material. 

Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.