THREAD: Here's a quick summary of our blog on on the Bitcoin donation made in December to alt-right groups and figures involved in last week's violence at the Capitol.
Alt-right personality Nick Fuentes, who was pictured outside the Capitol but denies entering, was by far the biggest beneficiary of the donation, receiving roughly $250K. bit.ly/38J9quj
Other far right figures who received Bitcoin in the donation include Patrick Casey, Vincent Reynouard, and Ethan Ralph, as well as platforms and websites like the Daily Stormer, VDARE, and Gab. bit.ly/38J9quj
It’s unclear if the donation funded what happened at the Capitol. But it suggests domestic extremists may be raising more than previously thought. As extremists are removed from mainstream pay platforms, they may turn more to cryptocurrency for donations. bit.ly/38J9quj
It also shows that domestic extremism isn’t strictly domestic, as this donation came from overseas. Cryptocurrency makes cross-border payments easier and more private, so this is another area for law enforcement to watch. bit.ly/38J9quj
Read the blog here for more details. Chainalysis is actively looking to identify any additional extremist payments and activity and will keep our customers updated. bit.ly/38J9quj
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THREAD: We published a response to Treasury's proposed rule re: unhosted wallets, analyzing data behind their use, what the industry would have to do to comply & offering thoughts on how the rule could better achieve its purpose to curtail illicit activity bit.ly/3mHLYS2
First, three clear trends from our blockchain data suggest unhosted wallets are primarily used by individuals and organizations to either store their cryptocurrency for investment purposes, or move it between regulated trading venues.
Our first chart shows the vast majority of bitcoin sent between unhosted wallets is sourced from Virtual Asset Service Providers (VASPs), primarily exchanges:
THREAD: Here’s a quick summary of our blog on how blockchain analysis enabled law enforcement to identify an individual associated with the #TwitterHack who was arrested earlier today.
Background: @TheJusticeDept announced today the arrest of 3 individuals associated with the #TwitterHack - Mason Sheppard, aka “Chaewon,” Nima Fazeli, aka “Rolex,” and a third juvenile defendant known as “Kirk,” the alleged mastermind behind the attack. bit.ly/3fd2hT6
Kirk spear phished Twitter employees to access a Twitter admin panel that enabled him to take over celebrity accounts, which he used t]o promote a trust trading scam. You can read the details on the scam itself here. bit.ly/2BR84jI
[THREAD] Here's what we know so far about today’s #Twitterhack & #Bitcoinscam. As of now, the scam’s main BTC address (bc1...0wlh) received ~$120k in donations in 375 transactions. No funds have been cashed out at exchanges yet.
2/ We know of 2 other donation addresses that were posted by the scammers on hacked Twitter accounts (bc1...d24x and bc1...w39l), which received $6.7k in 100 transactions.
3/ The Ripple address that was posted has not received any funds at this time. There may be other scam addresses; please DM us if you have others.