Chainalysis completed the acquisition at an undisclosed amount.

Chainalysis Acquires Web3 Security Firm Hexagate to Advance Strategic Growth Objectives | Technology News

Web3 security firm Chainalysis has made a big Web3 security acquisition, adding Hexagate to its growing list of subsidiaries.

Chainalysis Acquires Hexagate to Strengthen Web3 Security | Coinspeaker

Authorities arrested Yunhe Wang for administering the 911 S5 botnet. OFAC also sanctioned Wang and identified several of his crypto addresses

Chainalysis in Action: Law Enforcement Shuts Down 911 S5 Botnet

Blockchain forensics firm <strong>Chainalysis</strong> has discovered $169 million in Bitcoin connected to the 911 S5 botnet, facilitating the arrest of Chinese national Yunhe Wang

Feds, Chainalysis reveal $169m in Bitcoin controlled by 911 S5 botnet

According to blockchain data provider Chainalysis Inc., organizations paid $449 million to hackers in the six months through June 30. The firm estimates 2023 is on track to become the second most profitable year for ransomware campaign operators after 2021 ...

US, dozens of allies pledge not to pay ransomware hackers

Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers' funding mechanism, a senior White House official said on Tuesday.

Alliance of 40 countries to vow not to pay ransom to cybercriminals, US says

The U.S. government and dozens of foreign allies have pledged never to pay ransom demands in a bid to discourage financially motivated hackers and ransomware gangs profiteering from cyberattacks. The joint pledge was announced during the third annual meeting of the International Counter Ransomware Initiative,

US-led cybersecurity coalition vows to not pay hackers’ ransom demands

The 2023 edition of the ‘Geography of Cryptocurrency Report’ by the crypto analytics firm Chainalysis, released earlier this month, has pegged India at the top of the crypto adoption index, which basically means that India is experiencing the highest ...

RBI must see crypto as assets, not currencies. No one’s using it to buy grocery

Are crypto’s foes using Hamas fundraising activities as a pretext to eliminate cryptocurrencies? Could it kill crypto reform legislation in the United States?

Terrorist fundraising: Is crypto really to blame?

This move signals that China is softening its stance on NFTs and allowing some experimentation and innovation in the space.

China Lifts NFT Ban: What Does This Mean for the Crypto Industry?

Chainalysis

chainalysis

Anyone who watches the market will know that has been on the rise for years. From IMB to , some of the world’s biggest firms have dived head-first into the space, ushering in renewed public interest along with this financial support. web3 Apple 2024 is on track to be a pivotal year for the space as it could act as a bridge towards future growth. Grand View Research that web3 will see a compound annual growth rate of 49.3% from 2024 to 2030. Needless to say, anyone invested in web3 will want to pay close attention to the companies that operate within it in 2024. predicts But what companies are poised to come out on top? After all, the web3 space is as big as it is innovative and between the cryptos and the DAOs and the NFTs, the market is brimming with possibilities. Even among these, the following companies have stood out as the ones to watch: Yard[hub] is a web3 venture studio dedicated to turning ideas into ventures employing a hands-on, iterative methodology. This studio not only provides financial backing but also imparts expert guidance to its portfolio startups, aiding them in evolving into robust web3 enterprises. YARD Hub believes that startups flourish under the tutelage of its seasoned in-house teams, enhancing their chances of achieving the right product/market fit. YARD Hub As explained by YARD Hub co-founder Sergei Lagutenko, the studio covers a broad spectrum of expertise, from business analytics and product management to marketing and business development, steering startups clear of common pitfalls that lead to failure. Additionally, YARD Hub has introduced the Growth Camp, a web3 accelerator program, now inviting applications for its second cohort slated for Q2 2024. This program offers startups access to elite mentors, partner benefits, and six comprehensive learning tracks. YARD Hub's portfolio presents an intriguing opportunity for those keen on tracking the emergence of top-tier web3 companies. U2U Network stands at the forefront of the Web3 revolution as a pioneer in modular blockchain and Decentralized Physical Infrastructure Networks (DePIN). Leveraging advanced Subnet technology, the U2U Network introduces a modular approach to blockchain, enhancing scalability and flexibility. This innovative framework allows for the creation of specialized Subnets, tailored to specific applications or industries, thereby solving traditional blockchain limitations, reaching up to 500,000 Transactions Per Second (TPS) with under 650 ms finality time. U2U Network In the realm of DePIN, U2U Network excels by offering a suite of decentralized services, including Decentralized Private Network (DPN), Decentralized Identity (DID), Decentralized Storage, etc. These services embody the essence of DePIN, providing on-demand, decentralized solutions that empower users and foster a more secure, efficient, community-owned digital ecosystem. U2U Network's commitment to modular blockchain technology and DePIN positions it as a key player in shaping the future of decentralized digital infrastructure. As we move into 2024, U2U Network is a top Web3 company to keep a close eye on. Chainalysis stands out as a significant player in the web3 landscape this year, operating as a blockchain analysis firm. Over the years, Chainalysis has been putting out some of the most insightful and groundbreaking blockchain-related research you’ll find anywhere. For example, Chainalysis has been at the forefront of investigating the activities in the Silk Road marketplace, even helping authorities recover over a billion dollars from it. The company also blew the whistle on the activities of the North Korean hacking collective, the Lazarus Group. Chainalysis 2024 is gearing up to be a year of growth for both the blockchain and web3 space and we can trust Chainalysis to be at the forefront of researching it. The company started off the year on a high note covering the activities of the spot Bitcoin ETFs and as the halving and other activities unfold in the space, the industry will turn to Chainalysis for its track record of efficient research. File Coin , a notable web3 project to keep an eye on this year, has been a prominent figure in the field for several years now. It functions as a blockchain-based cooperative for digital storage and data retrieval, offering users the ability to store and access their data independently of centralized entities. This capability grants users crucial privacy and control over their information, which aligns with the ethos of the web3 environment. In the first weeks of 2024, File Coin released Glif, a liquid leasing protocol, which raised $4.5 million in a seed funding round, amidst plans to launch a rewards program for users. File Coin All this excitement has had a positive impact on FIL, the native token of the ecosystem, with some predicting its value to hit $50 per unit by the end of the year. As web3 comes to the forefront, more users will want to take control of their data and privacy and File Coin seems more than equipped to meet this need. In conclusion, the year 2024 holds immense promise for the web3 landscape, poised to act as a transformative bridge toward future growth. With a projected compound , the momentum behind web3 is undeniable. As the market brims with possibilities, investors and enthusiasts must monitor the evolving landscape closely. The web3 space embodies innovation and potential, fueled by a myriad of technologies ranging from cryptocurrencies to decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs). These advancements signify a paradigm shift towards decentralization and democratization of the internet. As we navigate this era of unprecedented change, it's imperative to remain vigilant and adaptive, embracing the transformative potential of web3. annual growth rate of 49.3% forecasted by Grand View Research

Top Web3 Companies To Follow in 2024

2024 সালে অনুসরণ করার জন্য শীর্ষ ওয়েব3 কোম্পানি

Top-Web3-Unternehmen, denen man im Jahr 2024 folgen sollte

Principales empresas de Web3 a seguir en 2024

Principales entreprises Web3 à suivre en 2024

2024 में अनुसरण करने योग्य शीर्ष वेब3 कंपनियां

2024 年に追随すべきトップ Web3 企業

2024년에 주목해야 할 최고의 Web3 기업

Principais empresas da Web3 a seguir em 2024

Лучшие компании Web3, за которыми стоит следить в 2024 году

2024'te Takip Edilecek En İyi Web3 Şirketleri

Các công ty Web3 hàng đầu nên theo dõi vào năm 2024

2024 年最值得关注的 Web3 公司

As International Women’s Day lands on Friday 8th March, it’s a good time to look at how women are represented (and underrepresented) in tech. With this year’s theme of #InspireInclusion, IWD wants to celebrate women's achievements, raise awareness about discrimination, and urge everyone to take action to drive gender parity. So what is it actually like to be a woman in tech, and what can be done to make that journey better––for everyone? Women are already paid less than their male colleagues, with the average pay gap in the United States standing between 22% and 30%. In 2022, Pew Research Center reported that the unadjusted gap has been more or less static for 20 years among the overall workforce at around 20-22%. There are signs that it is narrowing amongst younger workers, in positive news. That’s just one example of a lack of equity for female workers, and for Sonja Gittens Ottley, head of diversity and inclusion at Asana, research from her company has found that “there is an onus on leaders to create an environment that prioritizes belonging and empowerment. Crucial to this is creating spaces where women can express themselves and be honest about changes they believe the business needs.” Gittens Ottley points to workplace technology as one area that may foster change. “Research from our Work Innovation Lab shows that women (71%) are more likely than men (64%) to say that collaboration tools are crucial to their work. “While women may prefer such tools, it’s also true that they’re shouldering a disproportionate share of collaborative burdens. Meanwhile, our own findings showed that more women (67%) than men (62%) experience some level of digital exhaustion.” She says there is a “need for businesses to deploy a data-driven tech stack that can provide a fully-connected, accurate, and up-to-date map of work within an organization. Only then can businesses be sure that collaboration is happening effectively, and that technology is being used in a way that is supportive of women’s wellbeing and working styles.” Support for women on issues that matter At Slack, women are being supported around the issues that matter to them, according to Deirdre Byrne, who is the head of UK & Ireland at the company. “We've created an “Ask Me Anything” channel with the leadership team and a “Talking Menopause” channel, which are great examples of how companies can facilitate connections, share experiences, and encourage allyship,” she says. Marni Baker Stein, the chief content officer at Coursera, warns that new technological developments need to be taken seriously to make sure women are included. “The integration of AI into our professional lives is accelerating, and for women, this carries a particular threat of disruption,” she says. “In this area, there is more to be done. Currently, women are underrepresented in AI-related upskilling, with men being three times more likely to have enrolled in the most popular AI courses on Coursera’s platform. This disparity threatens to widen existing gender gaps in the workplace as AI literacy becomes increasingly necessary for career advancement.” Baker Stein is also passionate about education as a way to achieve gender parity. Flexibility is also key. “Investing in women’s learning and development is imperative, but to fully foster equitable environments, modern workplaces must continue to adopt hybrid work frameworks, and flexible learning methods, offering upskilling opportunities that are tailored to women’s schedules.” The landscape not changing fast enough And a close eye needs to be kept on specific tech sectors, agrees Pratima Arora, the chief product and technology officer at Chainalysis. “The landscape is not changing fast enough, especially in male-dominated industries like crypto where female representation in senior positions stands at 22.39% across the board, compared to 77.61% for men. “Women often feel as though they don’t belong and opt out of STEM-related professions early in life due to a lack of awareness of the opportunities available to them. This starts at an education level––when I was at university studying computer science, there were only three girls in my entire class of 50.” Violeta Martin, who is the VP of commercial sales EMEA at DocuSign, agrees. “Despite generally doing better in education, women are less likely to progress in the workplace. This shows that despite being qualified for roles, systemic barriers still exist that prevent many women from progressing in their chosen fields. As a woman working in the tech industry, I know first-hand the unique challenges that we face feeling included at work. “I urge leaders to make the industry more inclusive for women – whether that is by offering flexible working or educational pathways for young women wanting to try their hand at a career in STEM. Small actions compound and create workplaces where every employee is valued, respected, and empowered to thrive.” If you’re inspired to seek a new role in a company where equality matters, then the HackerNoon Job Board is a great place to begin. It contains thousands of open roles, like these three. Whisker, formerly known as AutoPets, is the maker of Litter-Robot, Feeder-Robot, and Litterbox.com. The Senior Software Engineer will be responsible for ongoing AWS IoT development, integrations with third-party IoT products, co-management of an agency partner, system debugging, and more. You will also provide support to the mobile application team when developing new interfaces and debugging issues. Vorto is looking for a Full Stack Software Engineer in Denver to successfully take ownership of features from idea to production, by primarily designing, building, and maintaining web applications (Angular/Typescript) and implementing supporting server endpoints on an ad-hoc basis in GoLang. Discover this Software Engineer job at G-Research in Dallas. You’ll join the Infrastructure Development team, providing tooling to maintain and develop the smooth running of the company’s IaaS platform and allow other software development teams to leverage it to its full potential. Accelerate your career in tech today via the HackerNoon Job Board By Kirstie McDermott As International Women’s Day lands on Friday 8th March, it’s a good time to look at how women are represented (and underrepresented) in tech. With this year’s theme of #InspireInclusion , IWD wants to celebrate women's achievements, raise awareness about discrimination, and urge everyone to take action to drive gender parity. #InspireInclusion #InspireInclusion So what is it actually like to be a woman in tech, and what can be done to make that journey better––for everyone? Women are already paid less than their male colleagues, with the average pay gap in the United States standing between 22% and 30%. In 2022, Pew Research Center reported that the unadjusted gap has been more or less static for 20 years among the overall workforce at around 20-22%. There are signs that it is narrowing amongst younger workers, in positive news. That’s just one example of a lack of equity for female workers, and for Sonja Gittens Ottley, head of diversity and inclusion at Asana , research from her company has found that “there is an onus on leaders to create an environment that prioritizes belonging and empowerment. Crucial to this is creating spaces where women can express themselves and be honest about changes they believe the business needs.” Asana Asana Gittens Ottley points to workplace technology as one area that may foster change. “Research from our Work Innovation Lab shows that women (71%) are more likely than men (64%) to say that collaboration tools are crucial to their work. “While women may prefer such tools, it’s also true that they’re shouldering a disproportionate share of collaborative burdens. Meanwhile, our own findings showed that more women (67%) than men (62%) experience some level of digital exhaustion.” She says there is a “need for businesses to deploy a data-driven tech stack that can provide a fully-connected, accurate, and up-to-date map of work within an organization. Only then can businesses be sure that collaboration is happening effectively, and that technology is being used in a way that is supportive of women’s wellbeing and working styles.” Support for women on issues that matter At Slack , women are being supported around the issues that matter to them, according to Deirdre Byrne, who is the head of UK & Ireland at the company. Slack “We've created an “Ask Me Anything” channel with the leadership team and a “Talking Menopause” channel, which are great examples of how companies can facilitate connections, share experiences, and encourage allyship,” she says. Marni Baker Stein, the chief content officer at Coursera , warns that new technological developments need to be taken seriously to make sure women are included. Coursera Coursera “The integration of AI into our professional lives is accelerating, and for women, this carries a particular threat of disruption,” she says. “In this area, there is more to be done. Currently, women are underrepresented in AI-related upskilling, with men being three times more likely to have enrolled in the most popular AI courses on Coursera’s platform. This disparity threatens to widen existing gender gaps in the workplace as AI literacy becomes increasingly necessary for career advancement.” Baker Stein is also passionate about education as a way to achieve gender parity. Flexibility is also key. “Investing in women’s learning and development is imperative, but to fully foster equitable environments, modern workplaces must continue to adopt hybrid work frameworks, and flexible learning methods, offering upskilling opportunities that are tailored to women’s schedules.” The landscape not changing fast enough And a close eye needs to be kept on specific tech sectors, agrees Pratima Arora, the chief product and technology officer at Chainalysis . Chainalysis Chainalysis “The landscape is not changing fast enough, especially in male-dominated industries like crypto where female representation in senior positions stands at 22.39% across the board, compared to 77.61% for men. “Women often feel as though they don’t belong and opt out of STEM-related professions early in life due to a lack of awareness of the opportunities available to them. This starts at an education level––when I was at university studying computer science, there were only three girls in my entire class of 50.” Violeta Martin, who is the VP of commercial sales EMEA at DocuSign , agrees. “Despite generally doing better in education, women are less likely to progress in the workplace. This shows that despite being qualified for roles, systemic barriers still exist that prevent many women from progressing in their chosen fields. As a woman working in the tech industry, I know first-hand the unique challenges that we face feeling included at work. DocuSign DocuSign “I urge leaders to make the industry more inclusive for women – whether that is by offering flexible working or educational pathways for young women wanting to try their hand at a career in STEM. Small actions compound and create workplaces where every employee is valued, respected, and empowered to thrive.” If you’re inspired to seek a new role in a company where equality matters, then the HackerNoon Job Board is a great place to begin. It contains thousands of open roles, like these three. If you’re inspired to seek a new role in a company where equality matters, then the HackerNoon Job Board is a great place to begin. It contains thousands of open roles, like these three. HackerNoon Job Board HackerNoon Job Board Whisker, formerly known as AutoPets, is the maker of Litter-Robot, Feeder-Robot, and Litterbox.com. The Senior Software Engineer will be responsible for ongoing AWS IoT development, integrations with third-party IoT products, co-management of an agency partner, system debugging, and more. You will also provide support to the mobile application team when developing new interfaces and debugging issues. Whisker, formerly known as AutoPets, is the maker of Litter-Robot, Feeder-Robot, and Litterbox.com. The Senior Software Engineer will be responsible for ongoing AWS IoT development, integrations with third-party IoT products, co-management of an agency partner, system debugging, and more. You will also provide support to the mobile application team when developing new interfaces and debugging issues. Senior Software Engineer Senior Software Engineer Vorto is looking for a Full Stack Software Engineer in Denver to successfully take ownership of features from idea to production, by primarily designing, building, and maintaining web applications (Angular/Typescript) and implementing supporting server endpoints on an ad-hoc basis in GoLang. Vorto is looking for a Full Stack Software Engineer in Denver to successfully take ownership of features from idea to production, by primarily designing, building, and maintaining web applications (Angular/Typescript) and implementing supporting server endpoints on an ad-hoc basis in GoLang. Full Stack Software Engineer Full Stack Software Engineer Discover this Software Engineer job at G-Research in Dallas. You’ll join the Infrastructure Development team, providing tooling to maintain and develop the smooth running of the company’s IaaS platform and allow other software development teams to leverage it to its full potential. Discover this Software Engineer job at G-Research in Dallas. You’ll join the Infrastructure Development team, providing tooling to maintain and develop the smooth running of the company’s IaaS platform and allow other software development teams to leverage it to its full potential. Software Engineer Software Engineer Accelerate your career in tech today via the HackerNoon Job Board Accelerate your career in tech today via the HackerNoon Job Board Accelerate your career in tech today via the HackerNoon Job Board Accelerate your career in tech today via the HackerNoon Job Board By Kirstie McDermott By Kirstie McDermott By Kirstie McDermott

C-Suite Executives From Slack, Asana, Coursera, Chainalysis and DocuSign Talk Equality in Tech

Slack, Asana, Coursera, Chainanalysis এবং DocuSign Talk Equality থেকে C-Suite এক্সিকিউটিভরা

C-Suite-Führungskräfte von Slack, Asana, Coursera, Chainanalysis und DocuSign sprechen über Gleichstellung in der Technik

Ejecutivos de C-Suite de Slack, Asana, Coursera, Chainanalysis y DocuSign hablan sobre igualdad en la tecnología

Les dirigeants de Slack, Asana, Coursera, Chainanalysis et DocuSign parlent d'égalité dans la technologie

स्लैक, आसन, कौरसेरा, चेनएनालिसिस और डॉक्यूसाइन टॉक के सी-सूट अधिकारी टेक में समानता पर बात करते हैं

Slack、Asana、Coursera、Chainanarise、DocuSign の経営幹部がテクノロジーにおける平等について語る

Slack, Asana, Coursera, Chainanalytic 및 DocuSign의 최고 경영진이 기술 분야의 평등에 대해 이야기합니다.

Executivos C-Suite da Slack, Asana, Coursera, Chainanálise e DocuSign falam sobre igualdade em tecnologia

Руководители высшего звена из Slack, Asana, Coursera, Chainanalysis и DocuSign говорят о равенстве в технологиях

Slack, Asana, Coursera, Chainanaliz ve DocuSign Talk'tan C-Suite Yöneticileri Teknolojide Eşitlik

Giám đốc điều hành C-Suite từ Slack, Asana, Coursera, Chainanalysis và DocuSign Talk Bình đẳng trong công nghệ

Slack、Asana、Coursera、Chainanalysis 和 DocuSign 的高管谈论技术领域的平等

Philip Gradwell, Chief Economist at Chainalysis believes that Bitcoin is maturing as an asset. Keep your laser-eyes handy and don't let a little dip phase you -- according it its many avid supporters, 2021 is still the year of Bitcoin. Despite the recent dip, Bitcoin is in recovery at $47,936 at time of writing and looking to cross back over the $50,000 mark. Scott Melker, known as " " said, "The recent (BTC) dip is most likely a minor correction." He pointed out that the 2015 BTC bull run had five price corrections. The Wolf of All Streets We recently interviewed Philip Gradwell, Chief Economist at , a blockchain analysis company that provides data, software, services, and research to government agencies, exchanges, financial institutions, and insurance, and cybersecurity companies in over 50 countries. Chainalysis This interview was part of a report on Bitcoin outlook for 2021 and would like to share his responses in total (with some editing for length) here. These responses were last updated on February 11th, so do not refer to any subsequent actions in the crypto market. Philip Gradwell, Chief Economist at Chainalysis Where do you see BTC going in 2021? If recent history has taught me anything it is that an outlook over a year is very difficult! In the short and medium-term I expect price volatility in cryptocurrency. In the short-term, I expect price volatility as liquidity is building upon exchanges as people look to flip assets if the price rises further, and also because people are selling non-Bitcoin assets as they reach high prices. Of course, if there continues to be positive news for crypto, such as more companies buying Bitcoin, like Tesla or Microstrategy, then this is likely to bring in a lot of demand, potentially far in excess of short-term sellers. If this happens, then Bitcoin could maintain and exceed its current record prices. In the medium-term, I expect that new buyers could drive price volatility. They are now a force in the market, with 2.7 million bitcoin held for less than one month, similar to peak levels in 2017. Many have experienced significant USD gains and are starting to realize them, with bitcoin that has been held for less than one month and has made a 25% or more USD gain since being acquired being sent in similar quantities now as in late 2017. Historically this has put pressure on price unless demand is very strong. However, in the longer-term, I do expect demand for cryptocurrencies to remain strong, especially for bitcoin. The pandemic, and the economic policy response of government spending funded by expansionary monetary policy, certainly led to the demand for Bitcoin in 2020, as it is an asset with limited supply and therefore a good inflation hedge. Unfortunately, the economic consequences of the pandemic are likely to be with us for at least the next couple of years. So Bitcoin is likely to perform well in this period. The key question is whether people start to sell Bitcoin as the economy recovers and inflation concerns do not materialize. This is likely unless bitcoin develops a new use case in the meantime. For example, bitcoin could become the highest quality capital to deploy in decentralized finance projects. This is a key value proposition for Bitcoin - gold is not going to develop new cases, while, because bitcoin is a digital asset in a fast-evolving industry, owning bitcoin gives holders an option to benefit from new innovations. So the 2021 prospects for bitcoin depend on the state of the broader economy, while prospects beyond 2021 depend on innovation in digital assets. "Altcoin Season" -- has this happened but not as dramatically? Non-Bitcoin assets have certainly seen strong price performance but the correlation with the bitcoin price has weakened. I think this is because different cryptocurrencies have developed distinct use cases since mid-March, in particular bitcoin, Ethereum, and Tether. Bitcoin and Tether are increasingly used to store value digitally, with bitcoin offering exposure to price volatility and Tether avoiding this. Ethereum on the other hand is actively being used, primarily in DeFi, rather than being held as a passive investment. So people do not just want exposure to crypto now -- whatever crypto it is. Instead, they want to own specific assets for specific reasons. So the success of non-bitcoin assets will depend on their use cases more now than it has in the past. Are HODLers getting carried away? Is the hype justified? HODLers can always be relied on to get carried away. But the . The big difference is the entry of large investors, particularly from mid-March. At that time, the Bitcoin price fell sharply along with broader financial markets, but investors saw this as a moment to buy more Bitcoin. This has meant there is less and less bitcoin available for new buyers to acquire, meaning they have to offer higher prices if they want to purchase. current price performance is different from the past What factors are people NOT paying enough attention to? The fact there is a lot to pay attention to at least suggests that cryptocurrencies are maturing as an asset, as they are now driven by a more complicated set of demands than just speculation. I think the most surprising thing for me in 2020 is that the microstructure of the market proved remarkably resilient. There were fewer exchange outages, and shocks to the system, such as enforcement action against BitMEX or OKEx pausing withdrawals, did not have much impact on the functioning of the market. This gives me hope that there are fewer industry-related risks in crypto than there were before, which makes it easier for new investors to enter. *Cover image by Pete Linforth from Pixabay

Bitcoin in 2021 - Insights from Chainalysis

As cryptocurrency adoption surges, so too does the scale and sophistication of financial scams. In 2024, a staggering number of users found themselves targeted by phishing schemes, social engineering attacks, and fake investment platforms. Yet amid this rise in fraud, one exchange is pushing back with unprecedented intensity. Binance, the world's largest crypto exchange by trading volume, has launched a full-scale initiative to combat digital scams. The Anti-Scam Refund Initiative, which ran throughout 2024, is more than just a refund program—it's a comprehensive, AI-powered defense system designed to prevent, detect, and recover from scams across the globe. Scammers Present a Growing Threat in Crypto According to Binance, the global scam industry has evolved into a professionalized network, using psychological manipulation and sophisticated tools to deceive even the most cautious users. Scammers now operate like organized businesses, complete with customer support fronts, phishing toolkits, and fake websites that promise lucrative returns. Binance Binance Binance CMO Rachel Conlan commented on the state of crypto cyber threats, “The evolving nature of cyber threats in the crypto industry reinforces the need for exchanges and custodians to continuously strengthen their security frameworks. As threats continue to grow in sophistication, so must our defenses.” Conlan continued by discussing the company’s security commitment, “At Binance, responsible growth has always meant putting users’ safety first. In 2024, this commitment translated into hundreds of millions of dollars invested in compliance programs, surpassing significant spending in 2023. Our security team works closely with global law enforcement to track and combat illicit activities, ensuring user assets remain protected. According to the 2025 Crypto Crime report from Chainalysis, in 2024 the value received by illicit cryptocurrency addresses has dropped to $40.9 billion—a notable decline from 2023. Even more reassuring, the percentage of crypto transactions linked to illicit activity fell to 0.14%, down from 0.61% in 2023. In these situations, we support the industry by tracing and freezing funds, if possible.” Chainalysis estimates that crypto scams generated at least $9.9 billion on-chain in 2024—a number that may rise to $12.4 billion once more illicit addresses are identified. If confirmed, this would mark the fourth consecutive year of scam revenue growth since 2021. generated at least $9.9 billion generated at least $9.9 billion Pig butchering scams and high-yield investment schemes are the biggest culprits. Pig butchering scams alone saw revenue jump nearly 40% year-over-year, with the number of deposits into such scams increasing by over 200%. The fraud ecosystem has expanded not just in size but in reach and tactics, targeting victims across continents with tailored messaging and emotional manipulation. Tech innovations have also made it easier for scammers to scale operations. Platforms like Huione Guarantee provide services ranging from fake persona creation using generative AI to money laundering infrastructure, fueling a global scam economy. These developments make it increasingly difficult for individuals to protect themselves—and underline the need for platforms to take the lead in scam prevention. As Binance notes, "Everyone can be scammed; it's just a matter of finding the right method." From retirees to professionals, no demographic is safe from the evolving tactics of online fraudsters. That's why the digital asset exchange has stepped up its game with a multilayered, always-on approach to protect its users. Recovering $9.1 Million and Preventing $129 Million of Losses The Binance Anti-Scam Refund Initiative represents a coordinated effort across multiple departments to shield users from fraud. The initiative is built on four core pillars: proactive protection, a 24-hour safety net, rapid response recovery, and silent sufferer support. Under its Proactive Protection strategy, Binance blacklisted more than 47,000 malicious addresses in 2024 and issued over 15,000 targeted alerts to users daily. High-risk individuals—including the elderly and prior scam victims—received personalized warnings and interventions. More than 2,000 risk assessment forms were processed every day to assess potential vulnerabilities. The 24-hour safety net gives users a critical buffer during suspicious activity. Funds transferred to flagged Binance accounts are automatically frozen for 24 hours, giving users time to report potential scams. During this period, the exchange's monitoring team investigates the recipient's activity, assesses the transaction risk, and contacts both parties if necessary. In 2024, Binance processed over 20,000 chats with high-risk users through this system, potentially stopping millions in losses. When prevention fails, the rapid response recovery mechanism kicks in. This system uses AI-driven analysis to evaluate scam reports instantly. Suspected scammer accounts are frozen within seconds, followed by in-depth manual investigations. Binance's systems also monitor fund flows upstream and downstream to identify associated wallets and block additional losses. In addition to these pillars, the silent sufferer support system is designed to assist users who are too ashamed or traumatized to report scams. Binance proactively reaches out to these individuals—identified through transaction behavior—and helps guide them through the reporting and recovery process. Altogether, these efforts yielded impressive results in 2024. Binance recovered $9.1 million in stolen assets through 800 successful recoveries each month. Over $129 million in losses were prevented before the scams could fully execute. More than 30,000 phone calls were made to potential victims, offering guidance and warnings in real-time. Binance also played a crucial role in helping global law enforcement. From aiding the Royal Malaysia Police in recovering a $1.6 million kidnapping ransom to assisting Dutch and Indian authorities in breaking up multi-million-dollar scams, Binance's Financial Intelligence Unit has proven to be a powerful ally in the fight against digital crime. recovering a $1.6 million kidnapping ransom recovering a $1.6 million kidnapping ransom Indian authorities Indian authorities Building Trust Through Action The results of Binance's Anti-Scam Refund Initiative show that user protection in crypto doesn't have to be reactive—it can be proactive, AI-powered, and deeply human. From real-time fund freezes to round-the-clock customer support, the exchange is setting a new standard for what safety should look like in the digital asset world. As scams continue to rise in complexity, initiatives like these are essential not just for individual recovery but for the credibility and sustainability of the entire crypto ecosystem. With 47,000 malicious addresses flagged, tens of millions protected, and thousands of lives potentially changed, Binance's work is more than security—it's service. In a year where scams nearly broke records, Binance responded with record-breaking safeguards. While not every case ends in recovery, the company's message to users is clear: you're not alone, and help is always available. Crypto security isn't just about tech—it's about trust. And Binance is determined to earn and maintain it. This story was authored under HackerNoon’s Business Blogging Program. This story was authored under HackerNoon’s Business Blogging Program. This story was authored under HackerNoon’s Business Blogging Program. This story was authored under HackerNoon’s Business Blogging Program. Business Blogging Program

Binance's AI-Driven Crackdown on Crypto Scams: $9.1M Recovered, $129M Prevented

El Crackdown de Binance sobre Crypto Scams: 9,1 milions de dòlars recuperats, 129 milions de dòlars evitats

Crackdown AI-Driven de Binance en Crypto Scams: $ 9.1M recuperado, $ 129M evitado

Le crackdown d'AI de Binance sur les escroqueries cryptographiques: 9,1 millions de dollars récupérés, 129 millions de dollars empêchés

Binance's AI-Driven Crackdown sobre Crypto Scams: $ 9.1M recuperado, $ 129M evitado

Binance- ի AI-Driven Crackdown- ի Crypto Scams- ի մասին: $ 9.1M վերադարձվել է, $ 129M պաշտպանվել է

Binance AI-Driven Crackdown pada Crypto Scams: $ 9.1M Dipulihkan, $ 129M Dihindari

BinanceのAI駆動の仮想通貨詐欺:9.1Mドル回収、129Mドル予防

Binance's AI-Driven Crackdown amin'ny Crypto Scams: $ 9.1M Recovered, $ 129M Voavonjy

Binance's AI-Driven Crackdown Crypto Scams: $9.1M олж авсан, $129M урьдчилан сэргээсэн

Binance’s AI-Driven Crackdown on Crypto Scams: $9.1M Recovered, $129M Prevented (பொதுவாக)

Binance's AI-Driven Crackdown on Crypto Scams: $ 9.1M Відновлено, $ 129M Заборонено

Binance's AI-Driven Crackdown on Crypto Scams: $ 9.1M وصول، $ 129M روک دیا گیا

PALO ALTO, USA, March 28th, 2025/CyberNewsWire/--From WannaCry to the MGM Resorts Hack, ransomware remains one of the most damaging cyberthreats to plague enterprises. Chainalysis estimates that corporations spend nearly $1 billion dollars on ransom each year, but the greater cost often comes from the reputational damage and operational disruption caused by the attack. Ransomware attacks typically involve tricking victims into downloading and installing the ransomware, which copies, encrypts, and/or deletes critical data on the device, only to be restored upon the ransom payment. Traditionally, the primary target of ransomware has been the victim’s device. However, thanks to the proliferation of the cloud and SaaS services, the device no longer holds the keys to the kingdom. Instead, the browser has become the primary way through which employees conduct work and interact with the internet. In other words, the browser is becoming the new endpoint. SquareX has been disclosing major browser vulnerabilities like Polymorphic Extensions and Browser Syncjacking, and is now issuing a strong warning on the emergence of browser-native ransomware. SquareX SquareX Polymorphic Extensions Polymorphic Extensions Browser Syncjacking Browser Syncjacking SquareX’s founder, Vivek Ramachandran cautions, “With the recent surge in browser-based identity attacks like the one we saw with the Chrome Store OAuth attack, we are beginning to see evidence of the ‘ingredients’ of browser-native ransomwares being used by adversaries. It is only a matter of time before one smart attacker figures out how to put all the pieces together. While EDRs and Anti-Viruses have played an unquestionably vital role in defending against traditional ransomware, the future of ransomware will no longer involve file downloads, making a browser-native solution a necessity to combat browser-native ransomwares.” SquareX’s founder, Vivek Ramachandran cautions, “With the recent surge in browser-based identity attacks like the one we saw with the Chrome Store OAuth attack, we are beginning to see evidence of the ‘ingredients’ of browser-native ransomwares being used by adversaries. It is only a matter of time before one smart attacker figures out how to put all the pieces together. While EDRs and Anti-Viruses have played an unquestionably vital role in defending against traditional ransomware, the future of ransomware will no longer involve file downloads, making a browser-native solution a necessity to combat browser-native ransomwares.” Vivek Ramachandran Vivek Ramachandran Unlike traditional ransomware, browser-native ransomware requires no file download, rendering them completely undetectable by endpoint security solutions. Rather, this attack targets the victim's digital identity, taking advantage of the widespread shift toward cloud-based enterprise storage and the fact that browser-based authentication is the primary gateway to accessing these resources. In the case studies demonstrated by SquareX, these attacks leverage AI agents to automate the majority of the attack sequence, requiring minimal social engineering and interference from the attacker. demonstrated by SquareX demonstrated by SquareX One potential scenario involves social engineering a user into granting a fake productivity tool access to their email, through which it can identify all the SaaS applications the victim is registered with. It can then systematically reset the password of these apps with AI agents, logging the users out on their own and holding enterprise data stored on these applications hostage. Similarly, the attacker can also target file-sharing services like Google Drive, Dropbox and OneDrive, using the victim’s identity to copy out and delete all files stored under their account. Critically, attackers can also gain access to all shared drives, including those shared by colleagues, customers and other third parties. This significantly expands the attack surface of browser-native ransomware - where the impact of most traditional ransomware is confined to a single device, all it takes is one employee’s mistake for attackers to gain full access to enterprise-wide resources. As fewer and fewer files are being downloaded, it is inevitable for attackers to follow where work and valuable data are being created and stored. As browsers become the new endpoint, it is crucial for enterprises to reconsider their browser security strategy - just as EDRs were critical to defend against file-based ransomware, a browser-native solution with a deep understanding of client-side application layer identity attacks will become essential in combating the next generation of ransomware attacks. To learn more about this security research, users can visit https://sqrx.com/browser-native-ransomware https://sqrx.com/browser-native-ransomware https://sqrx.com/browser-native-ransomware About SquareX SquareX’s industry-first Browser Detection and Response (BDR) solution helps organizations detect, mitigate, and threat-hunt client-side web attacks happening against their users in real time. SquareX SquareX In addition to browser ransomware, SquareX also protects against various browser threats including identity attacks, malicious extensions, advanced spearphishing, GenAI DLP, and insider threats. The browser-native ransomware disclosure is part of the Year of Browser Bugs project. Every month, SquareX’s research team releases a major web attack that focuses on architectural limitations of the browser and incumbent security solutions. Previously disclosed attacks include Browser Syncjacking and Polymorphic Extensions. Year of Browser Bugs Year of Browser Bugs Browser Syncjacking Browser Syncjacking Polymorphic Extensions Polymorphic Extensions To learn more about SquareX’s BDR, users can contact founder@sqrx.com. founder@sqrx.com founder@sqrx.com For press inquiries on this disclosure or the Year of Browser Bugs, users can email junice@sqrx.com. junice@sqrx.com junice@sqrx.com Contact Head of PR Junice Liew SquareX junice@sqrx.com This story was distributed as a release by Cybernewswire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Cybernewswire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

SquareX Discloses Browser-Native Ransomware That Puts Millions At Risk

SquareX ukax Browser-Native Ransomware ukaruw uñt’ayi, ukax millones de millones ukanakaruw jan walt’ayaspa

SquareX otkriva ransomware native pretraživača koji ugrožava milione

SquareX revela un ransomware nativo del navegador que pone en riesgo a millones de personas

SquareX paljastaa selaimen alkuperäisen ransomware, joka asettaa miljoonia vaaraan

स्क्वायरएक्स ब्राउज़र-नाइट रैंसॉमवेयर का खुलासा करता है जो लाखों को जोखिम में डालता है

SquareX otkriva browser-native ransomware koji ugrožava milijune

SquareX Divilge Ransomware Natif Navigatè ki mete plizyè milyon moun nan risk

SquareX- ը բացահայտում է Browser-Native Ransomware- ը, որը վտանգում է միլիոնները

SquareX、ブラウザーネイティブのランサムウェアを公開 数百万人を危険にさらす

SquareX ສະແດງໃຫ້ເຫັນ Browser-Native Ransomware ທີ່ຖ້າຫາກວ່າພວກເຮົາມີຄວາມປອດໄພ

ስኩዌርኤክስ ንሚልዮናት ኣብ ሓደጋ ዘእቱ ኣብ መርበብ ሓበሬታ ተወላዲ ዝኾነ ራንሶምዌር ይገልጽ

SquareX Yi Paluxa Browser-Native Ransomware Leyi Veka Timiliyoni Ekhombyeni

In the early days of cryptocurrencies, Bitcoin was often viewed as an obscure coin designed for criminals. The darknet marketplace Silk Road brought it a lot of popularity, but also a lot of bad rep. Its decentralized nature (not issued or controlled by any government or company) was constantly misunderstood, but that wouldn’t last for much longer. Soon, other coins were created, more use cases came along, coin prices skyrocketed, millions of users joined —and regulators found themselves needing to include this asset in the laws of their countries, somehow. That “somehow” isn’t always good. Sometimes, they create laws to ban or limit this type of money significantly. Many times, they make it legal, but what that means, in practice, varies from territory to territory. The Atlantic Council categorizes the legal status of crypto worldwide as this: The Atlantic Council categorizes the legal status of crypto worldwide as this: The Atlantic Council The Atlantic Council “legal (where all activities are permitted), partial ban (where one or more activity is not permitted), and general ban (where all activity is limited).” “legal (where all activities are permitted), partial ban (where one or more activity is not permitted), and general ban (where all activity is limited).” “legal (where all activities are permitted), partial ban (where one or more activity is not permitted), and general ban (where all activity is limited).” The practical side of those concepts is more complicated, though. Legal isn’t Chaos They say that all activities with crypto are permitted in countries in which it’s legal, but stop there, because terms and conditions apply. Just because crypto is legal doesn’t mean people can use it as they like without any requirements. For example, Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) rules require related companies (like crypto exchanges) to verify identities and report suspicious transactions. This is to prevent illegal activities like money laundering or funding criminal organizations. So, while you can buy, sell, or trade crypto, you might need to provide personal information to comply with these laws. Businesses dealing with crypto often face even more rules. They might need special licenses to operate legally. For instance, in the European Union, the Markets in Crypto-Assets (MiCA) regulation sets strict guidelines for crypto companies, including how they should protect customer funds and report their activities. Stablecoins without proper reserves are banned, and issuers of new coins have some strict requirements to comply with. Businesses dealing with crypto often face even more rules. They might need special licenses to operate legally. Markets in Crypto-Assets Markets in Crypto-Assets Additionally, there’s another magical word: taxes. Depending on the country, crypto transactions are mostly subject to taxes, just like any other financial activity. This means users need to keep records and report their earnings to tax authorities, depending on certain established limits. are mostly subject to taxes are mostly subject to taxes Even in countries where crypto is partially banned, taxes could apply to individual users. The “partially banned” bit often refers to how financial companies are banned from handling these assets in that region. While individual users are free to transact with crypto, licenses aren’t granted for crypto companies there, and banks can’t provide services to crypto exchanges, for example. In this case, consumer protection and AML rules for crypto are usually nonexistent. Even in countries where crypto is partially banned, taxes could apply to individual users Banned is Chaos In countries where crypto is “fully banned”, most activities with it are forbidden. Its mere use can be punished by law, although possession alone is often not illegal. People have been arrested for crypto-related activities in places like Bangladesh, China, Tunisia, Egypt, and Morocco, where they have “full bans” on cryptocurrencies. Now, does that fully stop people from owning, trading, mining, or doing whatever with cryptos, even if they live there? Not really. Bangladesh Bangladesh China China Tunisia Tunisia Egypt Egypt Morocco Morocco We just need to check the Crypto Adoption Index by Chainalysis to notice an interesting fact: exactly 50% of the countries in the top ten by global crypto adoption have partial or full bans on cryptocurrency. China, famous for its wide ban on crypto, is in the top 20 by adoption. Despite laws and warnings, people are still using cryptocurrency in these places. Just without all regulations designed to make this space safer, so banning crypto instead of legalizing it seems counterproductive. Crypto Adoption Index Crypto Adoption Index Despite laws and warnings, people are still using cryptocurrency in these places. Just without all regulations designed to make this space safer, so banning crypto instead of legalizing it seems counterproductive. Decentralized cryptocurrencies were built to be censorship-resistant, and, as we’ve mentioned above, they’re not issued or controlled by a central entity. That’s why they can’t get effectively banned by anyone. There’s no company to blame or expel, but a wide network of nodes worldwide that authorities just can’t shut down all at the same time. However, while the governments are unable to shut down cryptocurrency networks,they can still target individual users, if the network is blockchain-based. they can still target individual users, if the network is blockchain-based. they can still target individual users, if the network is blockchain-based. Decentralization is Freedom Decentralization is a very positive feature, because, even in countries where crypto is banned, people might still use it for any reason –legitimate, but also illegitimate. Of course, the country might consider it illegitimate according to its own laws, but its government's credibility and moral factors are different things. Some people rely on these assets to protect their savings from high inflation or unstable local currencies. Others use it to send money to family abroad or to protect from financial censorship by oppressive governments. In places with strict financial controls, crypto can also offer financial freedom and access to global markets. Some people rely on these assets to protect their savings from high inflation or unstable local currencies. Others use it to send money to family abroad or to protect from financial censorship by oppressive governments. financial censorship financial censorship If you want to do any of those things and many more, the Obyte ecosystem could be for you. This is a fully decentralized and censorship-resistant crypto network, available for anyone, in any part of the world. It uses a Directed Acyclic Graph (DAG) structure, and transactions are confirmed without middlemen like miners or “validators”. This high level of decentralization makes Obyte more resilient to censorship and restrictions. Plus, it’s fully legal in most countries, offering a secure and accessible way to use crypto. Obyte ecosystem Obyte ecosystem DAG DAG Featured Vector Image by sentavio / Freepik Featured Vector Image by sentavio / Freepik Freepik Freepik

Educational Byte: Banned, Partially Banned, or Legal—How Crypto Laws Differ Worldwide

Byte Educativo: Prohibido, parcialmente prohibido o legal: Cómo difieren las leyes sobre criptomonedas en todo el mundo

Hezkuntza-bytea: debekatua, partzialki debekatua edo legezkoa: nola desberdintzen diren kripto-legeak mundu osoan

教育バイト: 禁止、一部禁止、あるいは合法 - 暗号通貨の法律は世界的にどう違うのか

Izglītojošs baits: aizliegts, daļēji aizliegts vai likumīgs — kā atšķiras kriptogrāfijas likumi visā pasaulē

Byte fanabeazana: Voarara, voarara amin'ny ampahany, na ara-dalàna—Ny maha-samihafa ny Lalàna Crypto Maneran-tany

Byte ya Thuto: E Thibetšwe, e Thibetšwe ka Karolo goba e Molaong—Kamoo Melao ya Crypto e Fapanego Ka gona Lefaseng ka Bophara

Octet educațional: interzis, parțial interzis sau legal – Cum diferă legile criptografice la nivel mondial

Dzidzo Byte: Kurambidzwa, Kurambidzwa Zvishoma, kana Zvemutemo-Kusiyana Kwemitemo yeCrypto Pasi Pose

Образовни бајт: забрањено, делимично забрањено или легално – како се закони о крипторазликама разликују широм света

Eğitim Baytı: Yasaklanmış, Kısmen Yasaklanmış veya Yasal - Kripto Yasaları Dünya Çapında Nasıl Farklılaşıyor

Byte Ya Dyondzo: Yi Yirisiwile, Yi Yirisiwile Hi Xiphemu Kumbe Enawini—Ndlela Leyi Milawu Ya Crypto Yi Fambaka Ha Yona Emisaveni Hinkwayo

تعلیمی بائٹ: ممنوعہ، جزوی طور پر ممنوعہ، یا قانونی—کیسے کرپٹو قوانین دنیا بھر میں مختلف ہیں

Cybersecurity in FinTech Applications: Protecting Financial Data and Preventing Fraud

Cryptocurrency has revolutionized the way we think about money, offering new avenues for investment and financial freedom. But with great opportunity may come great risk. The crypto world has also been plagued by scams and hacks that have cost investors billions of dollars. From elaborate Ponzi schemes to sophisticated DeFi exploits, the dark side of digital finance is full of cautionary tales. Official stats vary, depending on the source. According to Crystal Intelligence, since June 2011 there have been 785 reported incidents, including security breaches, DeFi hacks, and fraud scams. In total, nearly $19 billion has been stolen, with fraud alone accounting for almost $8 billion. On the other hand, according to Chainalysis, at least $40 billion were received by crypto addresses marked as illicit only in 2024. According to De.Fi, over $80.8 billion has been stolen in crypto frauds and hacks since 2011. Crystal Intelligence Crystal Intelligence according to Chainalysis according to Chainalysis According to De.Fi, over $80.8 billion has been stolen in crypto frauds and hacks since 2011. According to De.Fi According to De.Fi Despite advances in security, crypto crime continues to rise, reminding investors of the importance of vigilance and caution. That’s why we’ll dive here into some of the worst crypto scams ever, exploring how they unfolded and the lessons we can learn from them. Finiko ($1.5 billion) All scams on this list have the same narrative for their victims: deposit X amount in crypto or fiat and receive 20, 30, 40, or whatever juicy monthly percent in returns —with few or no explanations about how those profits could be possible. Finiko offered up to 30% and received payments in Tether (USDT) and Bitcoin (BTC) from unaware customers. This was a Russian-based investment platform (but, in reality, a Ponzi scheme) established in 2019 by Kirill Doronin, Zygmunt Zygmuntovich, and Edward Sabirov. All scams on this list have the same narrative for their victims: deposit X amount in crypto or fiat and receive 20, 30, 40, or whatever juicy monthly percent in returns —with few or no explanations about how those profits could be possible https://www.youtube.com/watch?v=cZVmjr986Ks&embedable=true https://www.youtube.com/watch?v=cZVmjr986Ks&embedable=true The scheme collapsed around July 2021, with users reporting that they could no longer withdraw their funds. That’s an important piece of knowledge: in Ponzi schemes, the leaders actually pay out some percentages for a while, using the money of new users, because there’s no other income source. Such a system is, of course, not sustainable for the long term, and members end up being defrauded. In this case, Finiko took around $1.5 billion in over 800,000 separate deposits. The scheme The scheme Doronin was arrested in 2021, and the other founders followed in 2022. In 2023, Finiko declared bankruptcy, and all the founder’s property was sold to partially pay the debt to the victims. It’s unclear what happened to the total amount of lost funds. followed in 2022 followed in 2022 In 2023, Finiko declared bankruptcy, and all the founder’s property was sold to partially pay the debt to the victims. It’s unclear what happened to the total amount of lost funds declared bankruptcy declared bankruptcy Thodex, an infamous Turkish crypto exchange, was going to occupy the next place at the top. It’s been stated that its founder, Faruk Fatih Özer, left the country in 2021 with a hardware wallet containing $2 billion in funds from customers. However, recent reports showed that losses only amounted to around $43 million. recent reports recent reports HyperVerse ($1.8 billion) Also known as HyperFund and HyperNation, this was a cryptocurrency investment scheme that defrauded thousands of investors globally. Founded by Sam Lee, an Australian entrepreneur once dubbed the “crown prince of bitcoin,” and Zijing “Ryan” Xu, a self-proclaimed “bitcoin king” from China, the scheme operated under the HyperTech group, established in 2020. Founded Founded https://www.youtube.com/watch?v=gzG9NX9G2Ic&embedable=true https://www.youtube.com/watch?v=gzG9NX9G2Ic&embedable=true Promising daily returns of 0.5% to 1% from cryptocurrency mining, HyperVerse attracted investors with the allure of passive income. However, investigations revealed these claims were false, and the scheme relied on a multi-level marketing (MLM) model, where members were incentivized to recruit others to grow their networks —which means, yet another Ponzi scheme. Reports estimate losses between $1.3 and $1.8 billion, with many investors unable to withdraw their funds. Promising daily returns of 0.5% to 1% from cryptocurrency mining, HyperVerse attracted investors with the allure of passive income. In a bizarre twist, it was revealed in January 2024 that HyperVerse’s CEO, Steven Reece Lewis, never existed. Promotional materials claimed Reece Lewis held degrees from the University of Leeds and the University of Cambridge and had worked at Goldman Sachs and Adobe. However, no records of his existence were found, and the institutions denied any association. The scheme also used celebrity endorsements, including messages from Steve Wozniak and Chuck Norris, likely obtained through paid services. Despite these efforts to appear legitimate, the scheme collapsed in 2022, leaving investors stranded. it was revealed it was revealed Sam Lee faced legal consequences for his involvement. In January 2024, Lee was charged by the U.S. SEC and Department of Justice with conspiracy to commit fraud, while promoter Brenda Chunga pleaded guilty. Lee, who relocated to Dubai in 2021, denied involvement in HyperVerse’s operations but was implicated in its funds management. Ryan Xu’s whereabouts remain unknown. The HyperVerse saga serves as a stark reminder of the dangers of high-yield promises in the cryptocurrency world. Sam Lee faced legal consequences for his involvement. In January 2024, Lee was charged by the U.S. SEC and Department of Justice with conspiracy to commit fraud, while promoter Brenda Chunga pleaded guilty was charged was charged BitConnect ($4.1 billion) “Hey, hey, hey. Bitconneeeeeeeect!!!” If you’ve been in crypto for a while, this audiovisual meme must sound familiar. It was a very enthusiastic shout by Carlos Matos, a promoter of Bitconnect, during an event in 2017. At least they left us that. Otherwise, they presented themselves as a lending ecosystem with potentially high earnings and its own cryptocurrency, BCC —but, of course, all of it was nothing more than a Ponzi scheme. https://www.youtube.com/watch?v=vabXXkZjKiw&embedable=true https://www.youtube.com/watch?v=vabXXkZjKiw&embedable=true Users were encouraged to exchange Bitcoin for Bitconnect Coin (BCC) and lend these coins for interest payments, supposedly generated by a “trading bot.” This bot claimed to earn profits from market volatility, allowing investors to receive daily interest. However, suspicions grew due to its multilevel marketing model and unrealistic promises of up to 1% daily compounded interest, which are common red flags for Ponzi schemes. By late 2017, Bitconnect’s market capitalization exceeded $2 billion, making it one of the most popular cryptocurrencies at the time. Users were encouraged to exchange Bitcoin for Bitconnect Coin (BCC) and lend these coins for interest payments, supposedly generated by a “trading bot.” On January 3, 2018, the Texas State Securities Board labeled Bitconnect a Ponzi scheme and issued a cease and desist order. Just two weeks later, on January 17, Bitconnect shut down its lending and exchange platform, causing BCC’s value to plummet by 92% within hours. Different reports estimate the total losses between $2 billion and $4.1 billion for investors globally. and issued and issued Legal consequences followed swiftly. In 2021, the U.S. Securities and Exchange Commission charged founder Satish Kumbhani and U.S. promoter Glenn Arcaro with fraud. Kumbhani vanished, becoming a fugitive, while Arcaro pleaded guilty and was sentenced to 38 months in prison. In January 2023, a U.S. court ordered Arcaro to pay $17 million in restitution to nearly 800 victims worldwide. Although some affected investors received compensation, many others were left with significant financial losses. received compensation received compensation PlusToken ($5.7 billion) Guess what? This one was also a Ponzi scheme, with an Initial Coin Offering (ICO) included. PlusToken started in April 2018, mainly targeting investors in China and South Korea. It promoted itself as a cryptocurrency wallet offering high monthly returns, allegedly from trading, cloud mining, and referral commissions. The project also introduced its own token, PLUS, convincing millions of people to invest, promising profits between 9% and 20% monthly. The project also introduced its own token, PLUS, convincing millions of people to invest, promising profits between 9% and 20% monthly. The scheme was highly successful due to aggressive marketing, including face-to-face meetings and physical advertisements, which helped build trust among investors. By mid-2019, complaints emerged about withdrawal issues, marking the beginning of the end for PlusToken. https://www.youtube.com/watch?v=xnN089OV0DA&embedable=true https://www.youtube.com/watch?v=xnN089OV0DA&embedable=true Estimates suggest that PlusToken scammers stole between $2.9 billion and $5.7 billion in cryptocurrencies, including Bitcoin, Ethereum, and EOS. Besides, analysts believe that selling these stolen funds contributed to significant drops in Bitcoin’s price in 2019, as large liquidations generally drive down market value. analysts believe analysts believe Authorities eventually caught up with the scheme’s operators. In 2020, Chinese authorities apprehended 27 individuals linked to PlusToken. Additionally, about $4.2 billion worth of cryptocurrency was seized, marking one of the largest recoveries in crypto fraud history. In 2020, Chinese authorities apprehended 27 individuals linked to PlusToken. apprehended apprehended was seized was seized Now, we have to mention this: Africrypt, a fraudulent crypto exchange from South Africa whose founders disappeared with all the funds, was going to be occupying this position or one very close to it at the top. It’s been described that they stole around $3.6 billion in crypto, but other reports suggest that figure may be not accurate at all. other reports other reports OneCoin (up to $19.4 billion) A funny thing about this one? Yes, it was (it is?) a global and massive Ponzi scheme as well, but they never bothered to actually create any real token or ICO, not even to save face. OneCoin was a famous cryptocurrency that wasn’t a cryptocurrency at all because it never existed on any crypto network. They didn’t have any qualms to proclaim that they were using this technology, though. https://www.youtube.com/watch?v=I8oYt0mBdFY&embedable=true https://www.youtube.com/watch?v=I8oYt0mBdFY&embedable=true Launched in 2014 by Ruja Ignatova alongside Sebastian Greenwood, OneCoin was marketed as a revolutionary digital currency with a “private blockchain” whose value kept rising. However, no blockchain or actual coins existed—everything was confined to its own platform. Investors were lured with educational packages priced between $100 and $225,000, which included tokens allegedly used to mine OneCoin. The scheme relied heavily on a pyramid-like recruitment model, rewarding members for bringing in new investors. Launched in 2014 by Ruja Ignatova alongside Sebastian Greenwood, OneCoin was marketed as a revolutionary digital currency with a “private blockchain” whose value kept rising. However, no blockchain or actual coins existed—everything was confined to its own platform. OneCoin OneCoin OneCoin's impact was massive, with estimated losses ranging from $4.9 billion to a staggering $19.4 billion, depending on different reports. The vast discrepancy is due to the scam’s global reach and the continuous flow of new victims. The operation spanned numerous countries and languages, using aggressive marketing, flashy events, and even physical ads to gain credibility. They cleverly rebranded under names like OneLife, OneAcademy, and OneWorldFoundation to dodge legal consequences and keep the scheme alive. Despite mounting accusations, many investors were kept hopeful due to the company’s promises of high returns and misleading narratives about its legitimacy. estimated losses estimated losses The fallout was dramatic: Ruja Ignatova, known as the “CryptoQueen,” vanished in 2017 and remains at large, wanted by multiple international agencies, including the FBI. Her brother, Konstantin Ignatov, was arrested in 2019 and later pleaded guilty to charges of fraud and money laundering. Sebastian Greenwood was also apprehended and sentenced to 20 years in prison. Despite these arrests, the scam persists under new aliases like Fantastic Global Team and DealShaker, preying on uninformed investors worldwide. This way, the total stolen amount is still being counted. The fallout was dramatic: Ruja Ignatova, known as the “CryptoQueen,” vanished in 2017 and remains at large, wanted by multiple international agencies, including the FBI. under new aliases under new aliases Don’t fall for it! You never know when you may be the next victim of a crypto scam. Protecting yourself requires vigilance and smart practices. Here are some essential tips to keep your investments in your own pocket: Control Your Private Keys: If you don’t have your private keys, you don’t have full control of your coins. Legitimate and decentralized platforms like Obytealways enable users to have their own private keys. Avoid platforms that don’t offer this or at least some regulatory support (like crypto exchanges), as they have full control over your funds.
Use Two-Factor Authentication (2FA): Enhance the security of your crypto accounts by enabling 2FA. This adds an extra layer of protection, even if your password is compromised. In Obyte wallets, you can do this by creating a multidevice account from the Global Settings or by setting up a passphrase used to sign all transactions.
Thoroughly Research Projects: Before investing, research the project’s team, whitepaper, and community feedback. Anyone can create customized tokens on crypto networks, and not all projects are legitimate. In __Obyte’s Asset Registry__it is possible to create customized tokens without coding for less than $1, for instance. So, always do your own research about every individual asset or project.
Beware of Unrealistic Returns:If an investment promises high returns with little to no risk, it’s likely a Ponzi scheme. Legitimate investments come with risks and more modest returns.
Avoid Pressure Tactics: Scammers often create urgency, pushing you to invest quickly. Take your time to evaluate the opportunity and don’t be rushed into making decisions.
Stay Updated and Informed: Follow trusted crypto news sources and communities to stay aware of the latest scams and threats. Knowledge is your best defense. Control Your Private Keys: If you don’t have your private keys, you don’t have full control of your coins. Legitimate and decentralized platforms like Obytealways enable users to have their own private keys. Avoid platforms that don’t offer this or at least some regulatory support (like crypto exchanges), as they have full control over your funds. Control Your Private Keys Obyte Use Two-Factor Authentication (2FA): Enhance the security of your crypto accounts by enabling 2FA. This adds an extra layer of protection, even if your password is compromised. In Obyte wallets, you can do this by creating a multidevice account from the Global Settings or by setting up a passphrase used to sign all transactions. Use Two-Factor Authentication (2FA): Obyte wallets Obyte wallets Thoroughly Research Projects: Before investing, research the project’s team, whitepaper, and community feedback. Anyone can create customized tokens on crypto networks, and not all projects are legitimate. In __Obyte’s Asset Registry__it is possible to create customized tokens without coding for less than $1, for instance. So, always do your own research about every individual asset or project. Thoroughly Research Projects: Obyte’s Asset Registry Beware of Unrealistic Returns:If an investment promises high returns with little to no risk, it’s likely a Ponzi scheme. Legitimate investments come with risks and more modest returns. Beware of Unrealistic Returns: Avoid Pressure Tactics: Scammers often create urgency, pushing you to invest quickly. Take your time to evaluate the opportunity and don’t be rushed into making decisions. Avoid Pressure Tactics Stay Updated and Informed: Follow trusted crypto news sources and communities to stay aware of the latest scams and threats. Knowledge is your best defense. Stay Updated and Informed By following these guidelines, you can significantly reduce your risk of falling victim to crypto scams and Ponzi schemes. Stay safe! Featured Vector Image by Freepik Featured Vector Image by Freepik Freepik Freepik

Every Major Crypto Scam, Ranked From Least to Most Stolen

Hər Böyük Kripto Fırıldaqlığı, Ən Az Oğurlanandan Ən Çox Oğrulana qədər sıralanır

Всяка голяма крипто измама, класирана от най-малко до най-открадната

Las principales estafas de criptomonedas, clasificadas de menor a mayor robo

Minden jelentősebb kriptográfiai átverés, a legkevesebbtől a legtöbb ellopottig

主要な暗号詐欺をすべて、盗まれた金額の少ないものから多いものまでランク付け

가장 적게 도난당한 것부터 가장 많이 도난당한 것까지 순위를 매긴 모든 주요 암호화폐 사기

Kiekviena didelė kriptovaliutų sukčiavimas, įvertintas nuo mažiausiai iki labiausiai pavogtų

Секоја голема крипто измама, рангирана од најмалку до најмногу украдени

Setiap Penipuan Kripto Utama, Diperingkat Daripada Paling Rendah hingga Paling Dicuri

Sapa Hatun Cripto Estafa, Rankikusqan Aswan pisimanta Aswan Suwasqakama

Yese Yakakura Crypto Scam, Yakamisikidzwa Kubva Padiki kusvika Pakubiwa Kwakawanda

Khayaanada ugu weyn ee Crypto kasta, oo lagu qiimeeyay tan ugu yar ilaa inta la xado

CrossFi has dropped a bombshell with its 2025 Crypto Market Research Survey—a sprawling study of over 5,000 crypto users from India, Finland, and Russia. This isn’t your typical tech-bro echo chamber. It’s a vivid snapshot of a shifting landscape: 80% women, aged 28 to 43, earning $1,000 to $3,000 monthly, and leaning hard into cryptocurrencies and Web3 banking. The data challenges stereotypes, exposes pain points, and hints at a future where digital finance could rival cash. So, who’s driving this revolution? What’s holding it back? And what needs to happen by 2025 to make crypto as seamless as a dollar bill? Let’s unpack the numbers, decode the trends, and peer into the future of money. The Survey at a Glance: Scope and Credibility CrossFi surveyed 5,000 participants across three nations—India, Finland, and Russia—chosen, presumably, for their diverse economic and technological profiles. India’s a fintech hotspot with a booming middle class; Finland’s a Nordic tech leader with high digital literacy; Russia’s a wildcard with a complex financial history. Participants weren’t random; they were crypto users, likely sourced via CrossFi’s network or partnered platforms, giving the findings a focused lens on engaged adopters. This isn’t a general population poll; it’s a pulse-check on the crypto-curious and committed. Who’s Using Crypto? A Demographic Shake-Up Gender Flip: Women Take the Lead The standout stat? 80% of respondents are women, flipping the script on crypto’s male-heavy past. Compare this to Pew Research’s 2023 finding that just 16% of U.S. crypto users were women. What’s driving this? In India, women-led financial inclusion programs—like the government’s Jan Dhan Yojana—may be funneling more women into digital assets. Finland’s gender-equal tech culture could be a factor, while Russia’s economic volatility might push women toward alternative wealth-building tools. This isn’t a fluke, it’s a trend begging for deeper global research. Age and Income: The Middle Ground Most respondents fall between 28 and 43 years old, a sweet spot for earning, saving, and investing. Their monthly incomes—$1,000 to $3,000—align with middle-income brackets in their regions, per World Bank data. In India, that’s above the national average ($180 monthly); in Finland, it’s modest but livable; in Russia, it’s solid for urban professionals. Crypto’s not just for billionaires or the unbanked—it’s resonating with the global middle class, a group hungry for financial control. Why This Matters This demographic mix hints at crypto’s broadening appeal. Women in these regions might see it as empowerment—a way to bypass traditional banking barriers. Middle-income earners, meanwhile, may view it as a hedge against inflation (India’s hit 5-6% annually) or currency instability (Russia’s ruble woes). It’s less about Lambos and more about stability. Crypto as a Lifestyle: Usage and Income Patterns Holding Over Hustling Here’s the kicker: investing or holding cryptocurrencies is the dominant income source for respondents. Forget day trading or meme-coin flips—these users are playing the long game. This echoes Fidelity’s 2024 report, where 52% of institutional investors held crypto for growth. Respondents likely buy Bitcoin or Ethereum, stash it in wallets, and watch it (hopefully) climb. Some might stake assets on platforms like Lido or lend via Aave for passive income—low-effort strategies that fit their profile. Weekly Check-Ins Most engage with crypto one to two times per week. What are they doing? Probably: Buying: Snagging dips on exchanges like Binance or Coinbase.
Holding: Monitoring wallets via apps like Trust Wallet.
Earning: Adjusting staking pools or claiming rewards. Buying: Snagging dips on exchanges like Binance or Coinbase. Holding: Monitoring wallets via apps like Trust Wallet. Earning: Adjusting staking pools or claiming rewards. This isn’t the frenetic pace of Wall Street traders. It’s deliberate—like tending a digital garden. For middle-income users, it’s a side hustle, not a full-time gig. Insight Unlocked This behavior signals crypto’s evolution from speculative toy to financial staple. It’s not about “to the moon” hype—it’s about building wealth incrementally, especially in regions where traditional investments (stocks, real estate) feel out of reach. The Fee Problem: Crypto’s Biggest Roadblock The Pain of High Costs High transaction fees top the list of challenges—and it’s a universal gripe. Ethereum’s gas fees once soared to $200 per transaction (Etherscan, 2021), and while they’ve eased, a $10-$20 hit still stings for someone earning $1,000 monthly. Bitcoin’s no picnic either—fees peaked at $60 in 2021 (BitInfoCharts). For context, sending $50 via PayPal costs pennies. Crypto’s not competitive yet. Why Fees Bite Network Congestion: Ethereum’s clogged during NFT booms; Bitcoin’s slow by design.
Mining Costs: Proof-of-work chains like Bitcoin burn energy, driving fees up.
No Middleman Savings: Decentralization’s freedom comes at a price. Network Congestion: Ethereum’s clogged during NFT booms; Bitcoin’s slow by design. Mining Costs: Proof-of-work chains like Bitcoin burn energy, driving fees up. No Middleman Savings: Decentralization’s freedom comes at a price. Solutions on the Horizon Layer 2 Scaling: Polygon and Arbitrum slash Ethereum fees to cents.
Faster Chains: Solana and Avalanche process thousands of transactions per second, cheaply.
Fee Optimization: Tools like GasNow help users time transactions for lower costs. Layer 2 Scaling: Polygon and Arbitrum slash Ethereum fees to cents. Faster Chains: Solana and Avalanche process thousands of transactions per second, cheaply. Fee Optimization: Tools like GasNow help users time transactions for lower costs. The Stakes For crypto to hit mass adoption, fees must drop. A $20 fee for a $5 coffee is a nonstarter. Respondents’ frustration underscores a broader truth: cost is king in financial inclusion. Web3 Banking: Promise Meets Pain What Users Want Web3 banking—blockchain-powered, decentralized finance—dazzles with potential: no banks, no borders, just you and your money. Respondents prioritize safety and reliability, and it’s easy to see why. Traditional banks fail (think Lehman Brothers) or freeze funds (Russia’s 2022 sanctions). Web3’s promise? Your assets, your rules—secured by code, not CEOs. The Reality Check Yet satisfaction is lukewarm—most are only “somewhat satisfied”. Why? Frozen Accounts: DeFi platforms can lock funds due to bugs (e.g., Wormhole’s $320M hack, 2023) or liquidity dries up.
KYC Clashes: Regulations demand “Know Your Customer” checks, but decentralized systems balk at central ID hubs. Uploading a passport to a blockchain? Awkward. Frozen Accounts: DeFi platforms can lock funds due to bugs (e.g., Wormhole’s $320M hack, 2023) or liquidity dries up. KYC Clashes: Regulations demand “Know Your Customer” checks, but decentralized systems balk at central ID hubs. Uploading a passport to a blockchain? Awkward. Decoding the Disconnect Web3’s ethos is trustless freedom, but reality bites. KYC is a legal must—exchanges like Binance enforce it, yet DeFi resists. Solutions like decentralized identity (Civic, SelfKey) aim to bridge this, letting users prove identity without compromising privacy. Meanwhile, frozen accounts reflect Web3’s immaturity—smart contracts need audits, and users need insurance (think Nexus Mutual). 2025 Vision: Crypto as Everyday Cash The Big Dream Respondents predict that by 2025, crypto will flow like fiat. Imagine swiping Bitcoin for groceries or tipping in Dogecoin—no delays, no fuss. It’s bold, but tech’s catching up: Lightning Network: Speeds Bitcoin to seconds, costs to pennies.
Stablecoins: USDC and Tether nix volatility, mimicking dollars.
Payment Rails: Solana Pay and Binance Pay streamline merchant use. Lightning Network: Speeds Bitcoin to seconds, costs to pennies. Stablecoins: USDC and Tether nix volatility, mimicking dollars. Payment Rails: Solana Pay and Binance Pay streamline merchant use. The Hurdles Volatility: Even with stablecoins, Bitcoin’s wild swings scare vendors.
Adoption: Only 1% of U.S. merchants take crypto (PYMNTS, 2024).
Rules: Taxes and regs vary—crypto’s an asset in the U.S., currency in El Salvador. Volatility: Even with stablecoins, Bitcoin’s wild swings scare vendors. Adoption: Only 1% of U.S. merchants take crypto (PYMNTS, 2024). Rules: Taxes and regs vary—crypto’s an asset in the U.S., currency in El Salvador. What It’ll Take UX Overhaul: Apps as slick as Venmo, not clunky wallets.
Merchant Incentives: Cashback in crypto? Lower fees than Visa?
Global Regs: The EU’s MiCA is a model—others must follow. UX Overhaul: Apps as slick as Venmo, not clunky wallets. Merchant Incentives: Cashback in crypto? Lower fees than Visa? Global Regs: The EU’s MiCA is a model—others must follow. Safety First: Cybersecurity Fears Loom Large The Threat Landscape Safety and cybersecurity dominate concerns—and for good reason. Hacks siphoned $1.7 billion in 2024 (Chainalysis). Phishing snares private keys; rug pulls tank projects; exchanges like FTX collapse. For every win, there’s a scam. User Armor Hardware Wallets: Ledger and Trezor keep keys offline—only 10% use them (2023 survey).
Multi-Sig: Requires multiple approvals, thwarting thieves.
Education: Spotting phishing or fake ICOs saves millions. Hardware Wallets: Ledger and Trezor keep keys offline—only 10% use them (2023 survey). Multi-Sig: Requires multiple approvals, thwarting thieves. Education: Spotting phishing or fake ICOs saves millions. Industry Fixes Better UX: Biometric logins or social recovery (Argent wallet).
Insurance: DeFi cover from Unslashed or InsurAce.
Audits: Certik and Trail of Bits catch contract flaws. Better UX: Biometric logins or social recovery (Argent wallet). Insurance: DeFi cover from Unslashed or InsurAce. Audits: Certik and Trail of Bits catch contract flaws. CrossFi’s Play: Bridging Two Worlds CrossFi isn’t just reporting—they’re building. Their CrossFi Chain fuses fiat and crypto with non-custodial tech—users hold the keys, but transactions feel seamless. Targeting women in India or middle earners in Russia, they’re chasing inclusivity. It’s a blueprint for 2025: crypto that’s practical, safe, and open to all. The Big Picture: What’s Next? CrossFi’s survey isn’t static—it’s a roadmap. Crypto and Web3 banking are rewriting finance, but they’re not ready for primetime. Here’s the playbook: Slash Fees: Layer 2 and new chains must scale fast.
Simplify UX: Hide the blockchain, show the benefits.
Boost Security: User-friendly tools beat hacks.
Harmonize Rules: Global clarity unlocks adoption. Slash Fees: Layer 2 and new chains must scale fast. Simplify UX: Hide the blockchain, show the benefits. Boost Security: User-friendly tools beat hacks. Harmonize Rules: Global clarity unlocks adoption. Crypto’s shedding its niche skin, reaching everyday people with big dreams. By 2025, it might just deliver. Dive into CrossFi’s full report and see for yourself—the future’s digital, decentralized, and knocking. CrossFi’s full report Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

What Do Global Users Really Think About Crypto and Web3 Banking? A Dive into CrossFi’s 2025 Survey

বিশ্বব্যাপী ব্যবহারকারীরা ক্রিপ্টো এবং ওয়েব3 ব্যাংকিং সম্পর্কে আসলে কী ভাবেন? ক্রসফাইয়ের ২০২৫ সালের জরিপে এক ঝলক দেখুন

Què pensen realment els usuaris globals sobre Crypto i Web3 Banking? Una immersió a l'enquesta 2025 de CrossFi

Was denken globale Benutzer wirklich über Krypto und Web3-Banking? Ein Einblick in die CrossFi-Umfrage 2025

¿Qué opinan realmente los usuarios globales sobre las criptomonedas y la banca Web3? Un análisis de la encuesta CrossFi 2025

Que pensent réellement les utilisateurs mondiaux des cryptomonnaies et du Web3 Banking ? Enquête CrossFi 2025

Cosa pensano realmente gli utenti globali di Crypto e Web3 Banking? Un'immersione nel sondaggio del 2025 di CrossFi

世界中のユーザーは暗号通貨とWeb3バンキングについて本当はどう思っているのか？CrossFiの2025年調査を詳しく見る

Apakah Yang Difikirkan Sebenarnya Pengguna Global Tentang Perbankan Kripto dan Web3? Menyelami Tinjauan 2025 CrossFi

Vashandisi Vepasirese Vanofungei Nezve Crypto uye Web3 Banking? Kunyura muCrossFi's 2025 Survey

Je, Watumiaji wa Kimataifa Wanafikiria Nini Kweli Kuhusu Crypto na Web3 Banking? Jijumuishe katika Utafiti wa CrossFi wa 2025

Xana Vatirhisi va Misava Hinkwayo Va Ehleketa Yini Hakunene Hi Crypto Na Web3 Banking? Ku Nwela eka Ndzavisiso wa CrossFi wa 2025

Bacabangani Ngempela Abasebenzisi Bomhlaba Nge-Crypto kanye ne-Web3 Banking? Ukugxumela Ocwaningweni Lwe-CrossFi lwango-2025

The privacy conundrum is already present in the crypto sector and is not going away. Blockchain technology excels at transparency and immutability, but the game comes up a little short when it comes to ensuring the privacy of its transactions. Over 560 million users hold crypto globally worth more than $3 trillion, but it still pales in comparison to $26.3 trillion held by the 100 largest asset holders and the potential they possess. Lack of privacy is one of these institutional investors’ key concerns. Bitcoin’s always been transparent (public ledger since 2009), but early obscurity (pre-Chainalysis days) meant less tracking. Now, with tools like Elliptic and automated bots, it’s a fishbowl. As a result, the privacy-transparency debate is raging, and reconciling the two could be the key to crypto’s future. All major crypto holders and their wallet addresses are identified and tracked endlessly. While this is great for transparency purposes, big money holders will want something more in the future when it comes to protecting and hiding their identities when required. The looming threat of crypto regulations is another important factor in determining the future course of action of crypto. Many jurisdictions around the world are enacting new rules governing the digital asset economy—KYC/AML (e.g., FATF financing, MiCA 2024). Among these regulations is the requirement of transparency, and the states may demand that the users have their transaction data tracked for oversight. For instance, Binance was fined $2.25 million by India's Financial Intelligence Unit (FIU-IND) in 2024 for violating anti-money laundering (AML) laws. Panther Protocol recently engaged in a series of professional discussions with traditional finance investors. While they praise the digital currency’s progress, they raised major concerns regarding crypto’s ability to shield their transactions from the members of the public. For many, a transparent blockchain is not suitable for their big investments. Something needs to be done in the near future so that the groundbreaking benefits of the digital currency economy are still firmly in place. Why is Privacy Crucial for Conventional Investors? In traditional finance, privacy is a crucial requirement as it is an expectation, not an exception. Banks do not publish the records of their customers’ day-to-day operations, and customers trust them with their financial data. Crypto transactions, on the other hand, are a complete antithesis of this closed doors approach, allowing anyone to access data anytime, anywhere. For traditional investors, this overdose of transparency presents the following challenges: Avoiding the Surveillance Economy
Security Vulnerabilities
Loss of Sovereignty
Exploiting Information
Institutional Reluctance Technologies to Help Improve Privacy in Crypto There is an immediate requirement to develop technologies that will help companies thrive and preserve their financial activities. The key aspect to note here is that these innovations need to be carried out in a way that doesn’t threaten the primary benefits of the blockchain revolution, or else the appeal won’t be there. The challenge is not choosing between transparency and privacy but rather designing systems that support both. Zero-knowledge proofs are used by some privacy-focused digital currency networks like Zcash. They allow transacting parties to engage in activity without revealing the underlying data associated with them. Multi-party computations are another approach used to help improve the privacy function of blockchain transactions. The idea here is to compute a function jointly and avoid being linked back individually to one transaction. This has been useful for custody-related solutions. Advancing Privacy Solutions in Crypto As the blockchain economy evolves, efforts to advance privacy-focused technologies are gaining traction. The Panther Protocol Foundation (PPF) is one organization driving this shift, looking to advance the use case of privacy-focused technologies in the blockchain economy. The organization aims to adopt these technologies in DeFi by funding research and development via open-source contributions. PPF wants to ensure that privacy concerns associated with the digital currency sector remain at the forefront of new research and are not swept under the carpet. PPF is committed to supporting: Developing infrastructure for privacy-enabled transactions.
Compliance with regulations regarding user confidentiality
Decentralized decision-making in crypto through its Panther DAO by discussing critical ideas within the community regarding the future of privacy in crypto PPF is building tools like zAccounts and KYC/KYT functionality to help improve privacy and the regulatory side of things in crypto. Why Privacy Could Shape Crypto’s Future The crypto sector’s got a lot going for it—over 560 million users and $3 trillion in play—but privacy’s still a sticking point. Transparency’s great for trust, but it’s not enough when institutional investors, sitting on $26.3 trillion, hesitate because their transactions are wide open. Without some way to balance the both, big money might stay on the sidelines. As time goes on, the future could see digital currency hitting heights traditional finance can’t touch. The season is not here yet, but it’s approaching. The privacy conundrum is already present in the crypto sector and is not going away. Blockchain technology excels at transparency and immutability, but the game comes up a little short when it comes to ensuring the privacy of its transactions. The privacy conundrum is already present in the crypto sector and is not going away. Blockchain technology excels at transparency and immutability, but the game comes up a little short when it comes to ensuring the privacy of its transactions. Over 560 million users hold crypto globally worth more than $3 trillion, but it still pales in comparison to $26.3 trillion held by the 100 largest asset holders and the potential they possess. Lack of privacy is one of these institutional investors’ key concerns. 560 million users held Bitcoin’s always been transparent (public ledger since 2009), but early obscurity (pre-Chainalysis days) meant less tracking. Now, with tools like Elliptic and automated bots, it’s a fishbowl. As a result, the privacy-transparency debate is raging, and reconciling the two could be the key to crypto’s future. All major crypto holders and their wallet addresses are identified and tracked endlessly. While this is great for transparency purposes, big money holders will want something more in the future when it comes to protecting and hiding their identities when required. The looming threat of crypto regulations is another important factor in determining the future course of action of crypto. Many jurisdictions around the world are enacting new rules governing the digital asset economy—KYC/AML (e.g., FATF financing, MiCA 2024). Among these regulations is the requirement of transparency, and the states may demand that the users have their transaction data tracked for oversight. For instance, Binance was fined $2.25 million by India's Financial Intelligence Unit (FIU-IND) in 2024 for violating anti-money laundering (AML) laws. Panther Protocol recently engaged in a series of professional discussions with traditional finance investors. While they praise the digital currency’s progress, they raised major concerns regarding crypto’s ability to shield their transactions from the members of the public. For many, a transparent blockchain is not suitable for their big investments. Something needs to be done in the near future so that the groundbreaking benefits of the digital currency economy are still firmly in place. Why is Privacy Crucial for Conventional Investors? In traditional finance, privacy is a crucial requirement as it is an expectation, not an exception. Banks do not publish the records of their customers’ day-to-day operations, and customers trust them with their financial data. Crypto transactions, on the other hand, are a complete antithesis of this closed doors approach, allowing anyone to access data anytime, anywhere. For traditional investors, this overdose of transparency presents the following challenges: Avoiding the Surveillance Economy Security Vulnerabilities Loss of Sovereignty Exploiting Information Institutional Reluctance Avoiding the Surveillance Economy Security Vulnerabilities Loss of Sovereignty Exploiting Information Institutional Reluctance Technologies to Help Improve Privacy in Crypto There is an immediate requirement to develop technologies that will help companies thrive and preserve their financial activities. The key aspect to note here is that these innovations need to be carried out in a way that doesn’t threaten the primary benefits of the blockchain revolution, or else the appeal won’t be there. The challenge is not choosing between transparency and privacy but rather designing systems that support both. Zero-knowledge proofs are used by some privacy-focused digital currency networks like Zcash. They allow transacting parties to engage in activity without revealing the underlying data associated with them. Multi-party computations are another approach used to help improve the privacy function of blockchain transactions. The idea here is to compute a function jointly and avoid being linked back individually to one transaction. This has been useful for custody-related solutions. Advancing Privacy Solutions in Crypto As the blockchain economy evolves, efforts to advance privacy-focused technologies are gaining traction. The Panther Protocol Foundation (PPF) is one organization driving this shift, looking to advance the use case of privacy-focused technologies in the blockchain economy. The organization aims to adopt these technologies in DeFi by funding research and development via open-source contributions. PPF wants to ensure that privacy concerns associated with the digital currency sector remain at the forefront of new research and are not swept under the carpet. PPF is committed to supporting: Developing infrastructure for privacy-enabled transactions. Compliance with regulations regarding user confidentiality Decentralized decision-making in crypto through its Panther DAO by discussing critical ideas within the community regarding the future of privacy in crypto Developing infrastructure for privacy-enabled transactions. Compliance with regulations regarding user confidentiality Decentralized decision-making in crypto through its Panther DAO by discussing critical ideas within the community regarding the future of privacy in crypto PPF is building tools like zAccounts and KYC/KYT functionality to help improve privacy and the regulatory side of things in crypto. Why Privacy Could Shape Crypto’s Future The crypto sector’s got a lot going for it—over 560 million users and $3 trillion in play—but privacy’s still a sticking point. Transparency’s great for trust, but it’s not enough when institutional investors, sitting on $26.3 trillion, hesitate because their transactions are wide open. Without some way to balance the both, big money might stay on the sidelines. As time goes on, the future could see digital currency hitting heights traditional finance can’t touch. The season is not here yet, but it’s approaching.

Crypto Has a Privacy Conundrum

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