A record $14 billion in cryptocurrency went to addresses associated with criminality last year.
That’s according to a new report from Chainalysis, a technology startup based in the Flatiron District. The firm’s insight into the blockchain that underlies cryptocurrency transactions—used to compile the data in the new report—has made it a partner of everyone from the United Nations to Barclays to Robinhood for security monitoring.
Despite the substantial sum of illicit activity in the crypto space, Chainalysis found that the overall growth in digital asset investment greatly outpaced the criminal activity uncovered in the report. With a private valuation of $4.2 billion, Chainalysis is also among the most
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