Public Key

How Law Enforcement is Combating Pig Butchering Crypto Scams A multi-billion dollar scam operation that incorporates industrial scale scam centers, human trafficking, fake investment websites and cryptocurrency.  Pig butchering is emerging as a serious priority for law enforcement who are seeing victims lose their life savings to scammers that may be victims themselves.  In this episode, Ian Andrews (Chief Marketing Officer, Chainalysis) is joined by cybercrime savvy public sector heroes , Erin West (Deputy District Attorney, Santa Clara County, Office of the District Attorney) and Alona Katz (Deputy Bureau Chief of the Cybercrime and Identity Theft Bureau, Manhattan District Attorney's Office), who give the victim perspective of these complex crypto related crimes.  Alona and Erin explain how victims are being taken advantage of and how public private partnerships and law enforcement coalitions are collaborating to combat this billion dollar industry. They share heartbreaking stories from victims, but also give practical tips on how law enforcement and the general public can do their part in the fight against these investment scams.  Minute-by-minute episode breakdown (2:45) – How Erin and Alona got into the public sector and their first experience with cryptocurrency on the job (5:35) – How are the victims of Pig Butchering lured in by scammers and are victims underreporting this crime? (18:00) – The REACT Task Force and how law enforcement is collaborating to counter Pig Butchering schemes (22:03) – Crypto is more recoverable than some law enforcement might think but victims have to be cautious of third party recovery services (30:15) – How to navigate international jurisdictions where legislation and governments may not be as cooperative  (33:56) – The best advice for protecting yourself against Pig Butchering crypto scammers Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Report: The Chainalysis 2023 Crypto Crime Report Conference: Chainalysis Links Conference 2023 in New York City Forbes Article: Cryptocurrency Scam Victim Who Lost Over $1 Million To Get Over $100,000 Back, Prosecutor Says Cybercrime Hotline: Manhattan DA Office - Cybercrime and Identity Theft Hotline - 212-335-9600 Unchained Podcast (Laura Shin): How This Prosecutor Is Spearheading the Fight Against Crypto ‘Pig Butchering’ Scams – Ep. 455 Twitter: Chainalysis Twitter: Building trust in blockchains TikTok: Newly launched Chainalysis Tik Tok page YouTube: Chainalysis YouTube page is completely revamped Website: Careers at Chainalysis - Join us today Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Erin West (Deputy District Attorney, Santa Clara County, Office of the District Attorney) Alona Katz (Deputy Bureau Chief of the Cybercrime and Identity Theft Bureau, Manhattan District Attorney's Office) 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.   

Everything You Need To Know About Pump And Dump Schemes Imagine millions of people on a dark web chat group waiting in anticipation to pump a token 500% on a targeted exchange, while unsuspecting investors, traders and regulators have no insights as to what is about to take place.  In this episode, Ian Andrews (Chief Marketing Officer, Chainalysis) is joined by former Flashpoint founder, Evan Kohlmann, who is now the Founder and CEO of Cloudburst Technologies, a company tasked with scraping the dark web to identify potential pump and dump schemes and the associated illicit actors.  Evan explains the nuances of these targeted attacks, who are the orchestrators and the countries being targeted.  He explains how his technology is able to gather KYC information and shed some light on the extent these schemes have on the total illicit activity in the industry. Minute-by-minute episode breakdown (2:27) – Understanding market manipulation in the crypto world and what Cloudburst Technologies is doing about it (4:35) – How to identify the illicit actors on dark web forums attempting to manipulate the markets (12:30) – How Evan got the name “The Terrorist Search Engine” and how he helped build up leading dark web intelligence firm, Flashpoint (15:21) – How millions of people in dark web forums and Telegram are organizing themselves to pump certain tokens 50% up to 500%  (20:49) – Applying Cloudburst technology to traditional commodity markets and large market cap tokens (28:00) – Are illicit actors targeting decentralized exchanges and protocols or just centralized exchanges (30:05) -  How Cloudburst is able to identify KYC on illicit actors across the dark web using OSINT Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Report: The Chainalysis 2023 Crypto Crime Report Blog: 24% of New Tokens Launched in 2022 Bear On-Chain Characteristics of Pump and Dump Schemes Conference: Chainalysis Links Conference 2023 in New York City LinkedIn Post: Cloudburst tracks almost 700,000 online actors involved in cryptocurrency price manipulation fraud and pumping and dumping Twitter: Chainalysis Twitter: Building trust in blockchains TikTok: Newly launched Chainalysis Tik Tok page YouTube: Chainalysis YouTube page is completely revamped Website: Careers at Chainalysis - Join us today Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Evan Kohlmann (Founder and CEO, Cloudburst Technologies) 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.   

DeFi Success in the Wake of Centralized Crypto Exchange Struggles In 2022 we saw the failures of several centralized crypto exchanges and service providers, which has led to many consumers choosing to move towards self-custody wallet options and using decentralized protocols.  In this episode, Ian Andrews (Chief Marketing Officer, Chainalysis) is joined by former colleague, Salman Banaei (Head of Policy at Uniswap Labs) to discuss the sudden migration from centralized exchanges to DeFi protocols and how policy makers are approaching regulating decentralized ecosystems.  Salman takes us back to the origins of Decentralized Finance (DeFi) and the practical use cases around the world for these protocols to benefit consumers. He explains how the transparency of these decentralized protocols could be a huge advantage for those that are unbanked and underbanked.  Minute-by-minute episode breakdown (2:30) – What’s new in Decentralized Finance (DeFi) around the world  (4:35) – The origins of Bitcoin and Ethereum that led to DeFi and what role Uniswap plays in the decentralized ecosystem (11:25) – The shift from centralized crypto exchanges to decentralized finance products and self custody options (19:21) – What is the international regulator’s perception of DeFi and additional transparency not so prevalent in traditional markets (25:21) – Can DeFi solve the problem of predatory fees of traditional financial institutions  (29:15) – Responding to anti-crypto sentiment that has increased since major failures in 2022 (32:25) – New Uniswap features and outlook for 2023 Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Report: The Chainalysis 2023 Crypto Crime Report (Coming February 2023) Blog: How DeFi Can Cut Costs & Boost Transparency in Foreign Exchange Markets Conference: Chainalysis Links Conference 2023 in New York City LinkedIn Post: UK & US Governments Sanctioned Members of Russia-based Cybercrime Gang Trickbot Twitter: Chainalysis Twitter: Building trust in blockchains TikTok: Newly launched Chainalysis Tik Tok page YouTube: Chainalysis YouTube page is completely revamped Website: Careers at Chainalysis - Join us today Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Salman Banaei (Head of Policy, Uniswap Labs) 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.    

The Chainalysis 2023 Crypto Crime Report Preview (Part 2 of 2) Sanctions was a huge focus for regulatory bodies in 2022 and we saw an increase of designations of Russian based cryptocurrency exchanges and organizations propagating the war efforts against Ukraine.   In this episode, Ian Andrews (Chief Marketing Officer, Chainalysis) is joined by occasional co-host and Director of Research at Chainalysis, Kim Grauer, for the second part of a great conversation.  Kim provides insights into the sanction designations and also highlights that the crypto crime report will answer whether cryptocurrency sanctions are effective. She discusses cryptocurrency recovery efforts by law enforcement and explains how much we should be weighing proof of reserves as a sign of crypto exchange solvency.  Minute-by-minute episode breakdown (2:15) – Is web3 and cryptocurrency dead? (7:10) – What to expect in 2023 regarding cryptocurrency seizures and law enforcement recovery activity   (11:45) – The outlook on cryptocurrency sanctions after significant enforcement actions in 2022 (1742) – Should proof of reserves be the proper method to audit crypto exchanges financial solvency  (21:45) – Cybersecurity and the other big themes for 2023 (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. Report: The Chainalysis 2023 Crypto Crime Report (Coming February 2023) Newsletter: 2023 Crypto Crime Report: Sanctions Preview, Key Crypto Moments From 2022, and more Conference: Chainalysis Links Conference 2023 in New York City Blog: Crypto Money Laundering: Four Exchange Deposit Addresses Received Over $1 Billion in Illicit Funds in 2022 Press Release: Treasury Targets Global Sanctions Evasion Network Supporting Russia’s Military-Industrial Complex Twitter: Chainalysis Twitter: Building trust in blockchains TikTok: Newly launched Chainalysis Tik Tok page Youtube: Chainalysis Youtube page is completely revamped Website: Careers at Chainalysis - Join us today Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Kim Grauer (Director of Research, Chainalysis) 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.   

Tax Season: What Crypto Investors and Tax Agencies Need to Know This podcast is 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. If you want to make an active crypto trader nervous there are few things that work better than reminding them there are only 2 and half months left until the US Tax filing deadline. For most people a tax return is full of arcane and complex rules that you’re not quite sure if you got everything right, but for crypto investors the rules are being written and rewritten each year. In this episode, Ian Andrews (Chief Marketing Officer, Chainalysis) had to bring Chainalysis’ in-house expert, Roger Brown (Global Head of Tax Strategy) to understand the tax principles that apply to crypto and how recreational users and institutional investors are managing bitcoin on their balance sheets.  Roger informs us on the latest tax changes in the US and abroad and speculates on how many people are correctly reporting big crypto gains or losses.  Minute-by-minute episode breakdown (2:35) – How the ambiguity of the classification of Bitcoin, challenged traditional tax principles (4:30) –Understanding tax law and foreign currency and where cryptocurrency fits in  (9:15) – How countries around the world are taxing Bitcoin and cryptocurrency  (13:07) – Are stablecoins treated as currency based on the assets backing them?  (14:45) – Taxes may not being paid on massive crypto gains and how the IRS is reacting (18:35) – Do crypto exchanges have reporting requirements for tax purposes to their customers (23:16) - Tax strategies going from bull to bear markets and the impact on staking crypto  (27:04) - What happens when your assets are locked in Celsius, FTX or the victim of a rug pull (30:00) - The complexities of institutions and companies holding crypto  (33:37) - The future of crypto taxation and what part regulators will play   Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Article: Tax Gap Estimates for Tax Years 2014-2016 Blog: 2021 Cryptocurrency Gains by Country: Ethereum Leads as Gains Skyrocket Around the World Blog: Crypto Tax 101, 201 & 301: What Taxpayers and Tax Authorities Should Consider After Cryptocurrency’s Breakout Year Blog: Crypto Money Laundering: Four Exchange Deposit Addresses Received Over $1 Billion in Illicit Funds in 2022 Report: The Chainalysis 2023 Crypto Crime Report (Coming February 2023) Conference: Chainalysis Links Conference 2023 in New York City  Twitter: Chainalysis Twitter: Building trust in blockchains TikTok: Newly launched Chainalysis Tik Tok page Youtube: Chainalysis Youtube page is completely revamped Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Roger Brown (Global Head of Tax Strategy, Chainalysis)) 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.   

Scaling Ethereum Could be the Answer for CBDCs and Web3 Ecosystem When you are a content aggregator and you want to enable crypto payments for creators located all around the world, what do you do? Build a brand new layer-2 blockchain of course! Well probably not most of us, but that’s exactly what the team at Nahmii has undertaken.   In this episode, Ian Andrews (Chief Marketing Officer, Chainalysis) is joined by Jacobo Toll-Messia (CEO, Nahmii) to understand what makes Nahmii so useful and what’s new in the just released 3.0 version of the technology.  Interestingly some of the first customers for the Nahmii platform are central banks looking to launch CBDCs. The platform is particularly well suited to governments and financial institutions who want to implement permissioned blockchain technology. Minute-by-minute episode breakdown (2:20) – The origins of Nahmii, a content aggregate company built before the Bitcoin blockchain  (9:25) – The thought process on building a revolutionary layer-2 solution on Ethereum  (15:18) – The finality of transactions was a main driver behind the design of the Nahmii protocol (17:00) – The evolution from Nahmii 1.0 to Nahmii 2.0 led to Nahmii 3.0 in Testnet phase (20:55) – Integrating web3 solutions with financial institutions that require KYC and AML  (25 :40) – The launch of SkunkDAO and onboarding web2 companies into web3 (29:01) - A better understanding of CBDCs and why countries are looking to take part in the digital asset revolution  (33:00) - Weighing decentralization with AML and KYC requirements for crypto  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Nahmii is a revolutionary layer-2 scaling solution for Ethereum Blog: Norges Bank CBDC Sandbox Code Now Public Blog: Russian Cybercriminals Drive Significant Ransomware and Cryptocurrency-based Money Laundering Activity Blog: U.S. Authorities Move Against High-Risk Exchange Bitzlato for Providing Money Laundering Services to Ransomware Attackers and Other Russia-based Criminals Conference: Chainalysis Links Conference 2023 in New York City Twitter: Chainalysis Twitter: Building trust in blockchains TikTok: Newly launched Chainalysis TikTok page YouTube: Chainalysis YouTube page is completely revamped Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Jacobo Toll-Messia (CEO, Nahmii) 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.       

The Chainalysis 2023 Crypto Crime Report Preview (Part 1 of 2) 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 most important financial crime findings in the industry 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 analysis on 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 .  Minute-by-minute episode breakdown (3:15) –Crypto crime 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. Report: The Chainalysis 2023 Crypto Crime Report (Coming February 2023) Newsletter: 2023 Crypto Crime Report: Sanctions Preview, Key Crypto Moments From 2022, and more Conference: Chainalysis Links Conference 2023 in New York City LinkedIn Post: Yolo Group is the first company to integrate Chainalysis products in the #igaming industry Video: Forkast News: What trends will we see in the regulatory space in 2023? Twitter: Chainalysis Twitter: Building trust in blockchains TikTok: Newly launched Chainalysis Tik Tok page Youtube: Chainalysis Youtube page is completely revamped Website: Careers at Chainalysis - Join us today Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Kim Grauer (Director of Research, Chainalysis) 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. 

Why Incident Response Needs are Surging Amidst New Cyber Threats If 2021 was the year of Ransomware then 2022 definitely should be called the year of DeFi hacks. What I’m wondering is there any chance that 2023 can be the year Cyber Security teams take their revenge?   In this episode, Ian Andrews (Chief Marketing Officer, Chainalysis) is joined by two experts from the Cyber Risk team at Kroll, Christopher Ballod (Managing Director) and Jaycee Roth (Associate Managing Director) about this possibility. Chris and Jaycee walk us through the last 18 months of cyber incidents and ransomware and highlight the changing ransomware attack vectors and changes in the cyber insurance markets. We also learn that companies are getting better at protecting themselves and are becoming less likely to pay ransoms.  * It is noted that Kroll is a Chainalysis partner. Minute-by-minute episode breakdown (2:20) – Understanding the various industries Kroll is involved in and how they expanded into the cyber security and risk  (4:55) – When did cryptocurrency start playing a major role in incident response when dealing with cyber threat actors (11:04) –Start to finish. How does an incident response team respond to cyber threat emergencies (15:00) – Are companies getting better in 2022 at protecting themselves and their customer’s data against ransomware? (17:55) – What role does cyber insurance plans play in ransomware attacks and payouts (21 :40) – The shift of cyber attackers focus from business to personal hacking attempts (25:35) - Understanding where the vulnerabilities are in our personal and professional network (30:05) - 2023 Ransomware and Incident predictions and potential outcomes Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Kroll: Risk and Financial Advisory Solutions Blog: Cyber Extortion Gets Personal– The Next Step in Email Compromises Blog: Q3 2022 Threat Landscape: Insider Threat, The Trojan Horse of 2022 Blog: AvosLocker Ransomware Update: Backup Targeting and Defense Evasion Techniques Conference: Chainalysis Links Conference 2023 in New York City LinkedIn Post: Yolo Group is the first company to integrate Chainalysis products in the #igaming industry Twitter: Chainalysis Twitter: Building trust in blockchains Tik Tok: Newly launched Chainalysis Tik Tok page Youtube: Chainalysis Youtube page is completely revamped Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Jaycee Roth (Associate Managing Director, Cyber Risk, Kroll) Christopher Ballod (Managing Director, Cyber Risk, Kroll) *It is noted that Kroll is a Chainalysis partner.  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.   

Powering the Digital Asset Transformation in Nigeria and Beyond If you’ve read the Chainalysis 2022 Global Crypto Adoption Index you might have noticed that Nigeria has been rapidly climbing the charts when it comes to grass roots adoption of Cryptocurrency.  In this episode, Ian Andrews (Chief Marketing Officer, Chainalysis) is joined by co-founders, Michael Adeyeri (CEO) and Moyo Sodipo (Chief Product Officer) of Busha, one of the fastest growing digital asset platforms in Africa. They go in depth about the challenges Nigerians have in accessing currencies like the dollar and euro and how cryptocurrency and stablecoins enable an alternative international payment solution.  The co-founders describe the current crypto regulatory landscape in Nigeria and explain why adoption in the country is far from just speculation and how remittances and facilitating business operations is top priority for many Nigerians.  * It is noted that Busha is a Chainalysis customer.  Minute-by-minute episode breakdown (2:15) – How early days of figuring out alternative value transfer solutions turned into Busha’s thriving African cryptocurrency  exchange (4:19) – How Busha was able to provide consumer centric concierge services to their user base and grow in Nigeria  (7:15) – Dealing with banking challenges in Nigeria as a cryptocurrency service provider (13:59) – The emergence of Nigeria’s CBDC the eNaira and the place it has in the digital asset landscape of Africa (15:01) – Demystifying the Central Bank of Nigeria (CBN) decision to ban cryptocurrency and the current state of crypto regulations  (19:00) – Why NFTs aren’t as popular in Nigeria and surrounding regions Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Busha: Join one of Africa's leading digital asset platforms Blog: The Ultimate Guide to Saving in Dollars in Nigeria Blog: 4 Basic Strategies To Better Crypto Trading Blog: 4 Simple Things Your Busha Wallet Can Do Links 2023 Conference (NYC) Where private and public sector leaders convene to discuss key issues facing the cryptocurrency industry Twitter: Chainalysis Twitter: Building trust in blockchains4 Basic Strategies To Better Crypto Trading Tik Tok: Chainalysis Tik Tok: Building trust in blockchains among people, businesses, and governments. Youtube: Chainalysis on Youtube Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews Michael Adeyeri (CEO & CTO, Busha) https://www.linkedin.com/in/michaeladeyeri/ Moyo Sodipo (COO & CPO, Busha) https://www.linkedin.com/in/moyosodipo *It is noted that Busha is a Chainalysis customer.  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. 

Web3 Security and Crypto's $10 Billion Problem If you are listening to this podcast then you’ve probably already heard a lot about The Ronin Bridge hack, or the attack on the Wormhole Protocol and probably the ransomware attack against Colonial Pipeline, but have  you heard about the scam that hit tens of thousands MetaMask wallet users and resulted in the theft of over $200 Million of funds? On this podcast,  Ian Andrews (Chief Marketing Officer, Chainalysis) is joined by colleagues from the Chainalysis Investigations team Adam Hart and Julia Hardy.  This episode was recorded just  after they returned from presenting their research at DevCon Bogota, the biggest gathering of Ethereum developers this year. The discussion gets into the mechanics of one of this leading crypto scams, the investigative process and the enthusiasm from the Ethereum community to help solve this problem.  Minute-by-minute episode breakdown (1:31) – Recap of Devcon Bogota 2022. Highlighting the Ethereum focused blockchain developers and community (3:25) – Identifying consumer protection as the big “elephant in the room” for the Ethereum community  (6:34) – Balancing the core blockchain ethos of decentralization with stopping bad actors and protecting consumers and institutions trying to operate in the space  (9:50) - Analyzing the USDT Approval Mining Scam that was identified by MetaMask  (14:05) – Identifying the cash out points used by the scam operators (17:55) – How the USDT approval mining scam has similar characteristics of the emerging Pig Butchering scam (21:25) - Collaboration of MetaMask and Openseato educate users on how to use  a wallet and gain access to web3 (25:25) - Blockchain investigations tips to pursue illicit activity on digital asset networks Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Conference: Chainalysis Links 2023 Conference in NYC Public Key Podcast: Ep. 19: Pig Butchering Crypto Scam: Crypto’s Emerging Human Trafficking And Romance Scam Industry Devcon Recording::The $10B Problem - web3 Security Against Coordinated Adversaries | Devcon  Blog: FTX Investor Impact: Timeline of Realized Cryptocurrency Gains and Losses Shows FTX Hit Investor Wallets Less Than Previous Crises LinkedIn Newsletter: Chainalysis Monthly Roundup Twitter: Chainalysis Twitter: Building trust in blockchains Tik Tok: Chainalysis Tik Tok: Building trust in blockchains among people, businesses, and governments. Youtube: Chainalysis on Youtube Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews Adam Hart (Senior Training Specialist, Chainalysis) https://www.linkedin.com/in/adam-hart- Julia Hardy  (Senior Investigator, Chainalysis) https://www.linkedin.com/in/julia-hardy   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.