The blockchain analytics firm has created a 24-hour hotline for businesses that have fallen victim to crypto crimes such as ransomware attacks.

Blockchain intelligence firm Chainalysis has launched a Crypto Incident Response Program to assist organizations that have been targeted by hackers and ransomware to recover their funds. 

Targeted organizations that have opted for coverage from the unit will get access to a 24/7 hotline. Once contact has been made between the victim organization and the response unit, Chainalysis will assign a team of experts “to work around the clock and side-by-side” with them, and, if need be, help liaise with law enforcement. 

Chainalysis’s Manager of Investigations, Jarno Laatikainen, is credited with having spearheaded the project. 

Today we’re launching Crypto Incident Response, a rapid response service for organizations that have been targeted by a cyber attack or unauthorized network intrusion that involves a #crypto theft or demand. Find out how it works: https://t.co/OypbSk344s

— Chainalysis (@chainalysis) June 22, 2022

Chainalysis shares crypto crime figures

According to Chainalysis’s data, legitimate use of crypto is far outpacing criminal usage–just 0.15% of transactions last year involved illicit addresses–but crypto heists employing hackers or ransomware are at an all-time high. 

Between 2019 and 2020 there was a quintupling in the total value looted by ransomware attackers, from $144 million to $728 million–a level that held steady throughout 2022. 

Meanwhile, the total value looted by hackers rose to an all-time high of over $3 billion last year having been well under a billion during 2020. The total number of hacks rose from 117 in 2020 to 251 in 2021. 

It looks like we’re on track for another record year in 2022. The total number of hacks in the year to date (YTD) currently sits at 64, while the total value looted is a little under $2 billion. 

The historic $622 million Ronin Bridge hack, which hit Axie Infinity developer Sky Mavis’s ​​Ethereum sidechain, accounts for about a third of the total looted by hackers so far this year.

Want to be a crypto expert? Get the best of Decrypt straight to your inbox.

Get the biggest crypto news stories + weekly roundups and more!

TECH NEWS RELATED

Charges fly on Twitter about rampant paid malicious influencer campaigns

Mumbai/Bengaluru: What’s common on Political Twitter has spilled over to Startup Twitter, one of the most active communities on the microblogging platform in India. Over the past few week, the chatter has been about how startups in India are using paid marketing tools to defame competitors. Startup Twitter is one ...

View more: Charges fly on Twitter about rampant paid malicious influencer campaigns

BMW 8 X Jeff Koons Art Car available in Australia

More than 200 hours are sunk into to the BMW 8 Series X Jeff Koons’ paintwork alone, and the brand plans to sell 99 examples of the rolling art piece to the public – one of those will be available to buy in Australia. BMW has pulled the sheets ...

View more: BMW 8 X Jeff Koons Art Car available in Australia

Check out Netflix’s new Originals coming in July

Each month, Netflix adds new original content to its platform. This July, Netflix Original added shows and movies like Strangers Things 4: Volume 2, Resident Evil and The Gray Man.  This list is curated for Canadians who primarily subscribe to Netflix for its original content. If you’re looking for all of ...

View more: Check out Netflix’s new Originals coming in July

Jaguar to launch three jaw dropping EVs in 2025

Three new electric crossovers will take Jaguar into Bentley territory, with new platform, tech and design. Jaguar is planning a trio of “jaw-dropping” electric sports crossovers to take the brand into Bentley territory from 2025. The new two-tier, three-model line-up promises to dramatically recast Jaguar as a 50,000-60,000-per-year manufacturer ...

View more: Jaguar to launch three jaw dropping EVs in 2025

Neobank K-Bank May Have to Postpone IPO Plan as Crypto Winter Bites

Source: Adobe/Tim An up-and-coming South Korean bank appears to be suffering from the crypto market’s volatility – and may have to shelve its initial public offering (IPO) plans if crypto winter continues. Per ENews Today, K-Bank, the banking partner of the market-leading crypto exchange Upbit, is “experiencing difficulties.” The ...

View more: Neobank K-Bank May Have to Postpone IPO Plan as Crypto Winter Bites

Sony Introduces M9 and M3 InZone Monitors Which Have a Very PS5-Like Aesthetic

Sony launched its new InZone brand of gaming monitors with the reveal of the M3 and M9. These high-performance monitors are targeted at a general gaming audience, but their black and white designs are an obvious wink to PS5 owners. Surprisingly, despite this, they lack any PlayStation branding at ...

View more: Sony Introduces M9 and M3 InZone Monitors Which Have a Very PS5-Like Aesthetic

Will there be a Monster Hunter World 2? Answered

Image via Capcom There have been multiple Monster Hunter games in the series, and Monster Hunter World was one of the more popular iterations. It opened up the franchise to multiple fans and made it far more accessible than previous games had been. With the popularity of the series ...

View more: Will there be a Monster Hunter World 2? Answered

How Apocalypse Tiers work in Outriders Worldslayer

Image via Square Enix Whether you’re a newcomer or returning player, Outriders Worldslayer has plenty of loot, content, and features to wrap your head around. While there is an entirely fresh campaign and endgame, there is also a new difficulty system in the form of Apocalypse Tiers. Our guide ...

View more: How Apocalypse Tiers work in Outriders Worldslayer

Facebook and Instagram are removing posts offering to mail abortion pills

How to Apply for the Lifeline Program and Save on Your Home Internet Service

Building A Serial Bus To Save An Old Hard Drive

Here’s your chance to win a free Horizon Forbidden West PS5 bundle

Pixel 7, Pixel 7 Pro Selfie Camera to Support 4K Video Recording, but Framerate, Megapixel Number Unknown

Red Bull’s RB17 is a treat for enthusiasts

Finally, a Skyrim mod where you can get a good hot dog

The Bowers & Wilkins PX7 S2 could have what it takes to dethrone the Sony WH-1000XM5

Fairy Fencer F: Refrain Chord for PS5, PS4, & Switch Features Gameplay & Dramatic Resonance in New Trailer

Today’s Wordle Answer (June 29): Puzzle 375 Hints, Clues, and Solution

Destiny 2 Hollow Denial God Roll Guide – PvE and PvP

California Might Soon Incentivize Swapping ICE To EVs

OTHER TECH NEWS

Top Car News Car News