{"id":36052,"date":"2022-11-24T02:52:50","date_gmt":"2022-11-24T02:52:50","guid":{"rendered":"http:\/\/egrowonline.com\/?p=36052"},"modified":"2022-11-24T02:52:50","modified_gmt":"2022-11-24T02:52:50","slug":"chainalysis-tracks-stolen-ftx-funds-on-blockchain","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=36052","title":{"rendered":"Chainalysis Tracks Stolen FTX Funds on Blockchain"},"content":{"rendered":"


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Blockchain data firm <\/span>Chainalysis<\/span><\/a> has been tracking funds that were stolen from FTX after the crypto exchange\u2019s collapse and has been sharing steps along the way in a Twitter <\/span>thread<\/span><\/a>.<\/span>\u00a0<\/span><\/p>\n

\u201cChainalysis is following the funds around the clock,\u201d the firm said in the Wednesday (Nov. 23) edition of its Weekly Brief email newsletter.<\/span>\u00a0<\/span><\/p>\n

The chase began Sunday (Nov. 20) morning when Chainalysis tweeted that funds stolen from FTX were on the move and alerted exchanges to freeze them if the hacker attempted to cash out.<\/span>\u00a0<\/span><\/p>\n

Immediately after, the firm tweeted that some funds were stolen, while others were sent to regulators in The Bahamas \u2014 the country in which FTX is headquartered.<\/span>\u00a0<\/span><\/p>\n

It then posted that the funds were bridged from ETH to BTC, \u201clikely to be mixed prior to a cash out attempt.\u201d<\/span>\u00a0<\/span><\/p>\n

Concluding the thread, Chainalysis said: \u201cWe are in touch with our partners across the ecosystem as we work to help secure as many assets as possible to return to depositors.\u201d<\/span>\u00a0<\/span><\/p>\n

Chainalysis is working with the <\/span>new leadership<\/span><\/a> of FTX, helping the firm identify and secure digital assets, The Wall Street Journal reported Wednesday (Nov. 23).<\/span>\u00a0<\/span><\/p>\n

It\u2019s far easier to see what\u2019s happening and track crime on <\/span>public blockchains<\/span><\/a> than it would be with U.S. dollars, because public blockchains instantly and immutably record every transaction, Chainalysis Head of Research <\/span>Kim Grauer<\/span><\/a> told PYMNTS in an interview posted in August.<\/span>\u00a0<\/span><\/p>\n

\u201cThe transparency of this data set actually allows us to see how much crime is happening in real time,\u201d Grauer said at the time. \u201cEvery transaction that ever occurs on the blockchain is available forever. It\u2019s always going to be there. And that is devastating for criminals who don\u2019t want the evidence of their crime to be preserved for all time.\u201d<\/span>\u00a0<\/span><\/p>\n

For all PYMNTS cryptocurrency coverage, subscribe to the <\/em>daily <\/em>Crypto Newsletter.<\/em><\/a><\/p>\n

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How Consumers Pay Online With Stored Credentials
<\/a>Convenience drives some consumers to store their payment credentials with merchants, while security concerns give other customers pause. For \u201cHow We Pay Digitally: Stored Credentials Edition,\u201d a collaboration with Amazon Web Services, PYMNTS surveyed 2,102 U.S. consumers to analyze consumers\u2019 dilemma and reveal how merchants can win over holdouts.<\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n


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Blockchain data firm Chainalysis has been tracking funds that were stolen from FTX after the crypto exchange\u2019s collapse and has been sharing steps along the way in a Twitter thread.\u00a0 \u201cChainalysis is following the funds around the clock,\u201d the firm said in the Wednesday (Nov. 23) edition of its Weekly Brief email newsletter.\u00a0 The chase […]<\/p>\n","protected":false},"author":1,"featured_media":36053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[38],"tags":[73,1083,2258,1351,959,407],"class_list":["post-36052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-blockchain","tag-chainalysis","tag-ftx","tag-funds","tag-stolen","tag-tracks"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/11\/chainalysis-investment-series-f-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/36052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36052"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/36052\/revisions"}],"predecessor-version":[{"id":36054,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/36052\/revisions\/36054"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/36053"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36052"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}