
CrowdStrike confirms that the hack was carried out by the “Labyrinth Chollima” group.
Chainalysis provides blockchain data and analysis to governments, banks, and businesses worldwide.
Chainalysis’ products are targeted at spotting connections between entities on the blockchain. The company are currently focused on the Bitcoin market where the vast majority of the value is being transacted. They help Bitcoin businesses detect fraud and prevent money laundering, they also help banks put in place adequate controls to bank Bitcoin businesses.
The company’s API notifies customers in real time if they are receiving money from other regulated financial institutions or if they are receiving it from illegal activities. Chainalysis’ visualization tool allows compliance officers to do manual investigations to detect suspicious activity.
CrowdStrike confirms that the hack was carried out by the “Labyrinth Chollima” group.
Funds stolen from FTX exchange are being converted and exchanges have been warned to keep their eyes peeled.
It was observed that the funds going to mixers primarily comes from Darknet markets, hackers, North Korean Lazarus Group, Defi protocols, centralized exchanges, as well as addresses connected to illicit activities linked to sanctioned countries.