Ciphertrace’s latest CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset des... More crime and anti-money laundering report focuses on dark markets and crosschain bridges. We’ve looked at the trends, current events, hacks, thefts, exploits, and global regulatory developments in the third quarter of 2022. Here are some highlights from the report.
- Across seven major hacks/exploits, losses reached $383 million.
- At the end of Q3, the total market cap of all crypto assets, including stablecoins and tokens, was approximately $1.1 trillion.
- Total value locked (TVL) of decentralized finance in the third quarter was roughly $54 billion.
- After NFTs exploded in both market volume and dollar value in 2021, values rapidly eroded in 2022. The top eight blockchains for NFTA Non-Fungible Token (NFT) is a token that is unique in such... More trading plunged 76% in Q3 2022 ($2.3B) compared to Q2 ($9.2B) and are down 83% compared to Q1 2022 ($13.9B).
Download the Report Now!
Who is the Cryptocurrency crime and anti-money laundering report for?
The report provides a snapshot of the current quarter’s crypto activity and can be read by anyone interested in or actively participating in the crypto space.
What does the report include?
This report looks at the trends, current events, hacks, thefts, exploits, and global regulatory developments in the third quarter of 2022. And uniquely focuses on dark markets and crosschain bridges.
What is DeFi?
DeFi, short for Decentralized Finance, purports to remove financial institutions or other centralized third-party institutions from a financial servicesGeneral services, including non-profits, forums and news sit... More platform. The financial products, services, and instruments are implemented in code via smart contractsA smart contract is a computer protocol intended to digitall... More and are made up of independent parts that are brought together without the use of traditional intermediaries like banks. DeFi structures may resemble existing financial lending structures in nature, and take on the functions and characteristics of regulated activities, including operating as a broker dealer, lending funds, earning interest, and offering securities. DeFi protocols are usually cross-border in nature and permissionless by design, while many DeFi aspects may currently fall outside the regulatory perimeter or may lack clear compliance requirements (i.e., DeFi protocols usually have little or no KYC).
What is crypto AML?
Anti-Money Laundering (AML)Anti-Money Laundering (AML) rules are in place to help prote... More rules are in place to help protect against and report suspicious activity regarding financial transactions, including cryptocurrencies. These rules mainly focus on those actions which predicate money laundering, terrorist funding, market manipulation, and securities fraud.