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.

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You can listen or subscribe now on Spotify, Applegold 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 Grauerwho 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

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Speakers on today’s episode

Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)
Kim Grauer (Director of Research, Chainalysis)

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