Chainalysis Launches Hotline Services for Victims of Crypto Attacks

Blockchain analytics firm Chainalysis has launched a 24/7 hotline service that will provide support for organizations that have been targeted by crypto-related cyber attacks or ransomware demand. Chainalysis Launches Crypto Incident Response According to an official announcement on Wednesday, Chainalysis has launched a new ‘Crypto Incident Response’ response service that will function 24/7 for the victims of a “hack, ransomware attack, code exploit or flash loan attack.” 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 The company will work with a dedicated team of experts that will work side-by-side with the cybercrime victims to help them trace and label stolen funds, liaise with law enforcement, and proposition an asset recovery counsel. The move comes shortly after Chainalysis launched a new tool called “Chainalysis Storyline” last month which simplifies smart contract transactions, including DeFi and NFTs. The new tool is expected to help crypto startups to comply with anti-money laundering (AML) and know-your-customer (KYC) requirements. Crypto Theft Reached New ATH in 2021 Crypto theft by hacking and ransomware reached an all-time high in 2021, with $14 billion transferred th...