Search results for TRM Labs
Crypto
Binance says 2025 illicit crypto recovery rate 11 percent, 55 times higher than traditional assets
About 11 percent of illicit cryptocurrency transaction volume in 2025 was seized or frozen through cooperation between law enforcement agencies and private-sector groups, Binance Research said. Binance said the recovery rate was about 55 times higher than that for traditional financial assets. The report cited cases involving Tether, Interpol and the T3 Financial Crime Unit. Analysts including Chainalysis and TRM Labs questioned Binance’s figures, citing excluded categories such as hacks and ransomware.
Crypto
North Korea accounts for 76 percent of crypto hacking losses this year
North Korea-linked hacking groups accounted for 76 percent of cryptocurrency hacking losses reported through April this year, according to a TRM Labs report cited by BeInCrypto. Two attacks, targeting Drift Protocol and KelpDAO, drove most losses of about $577 million. Drift lost $285 million on April 1, while KelpDAO’s cross-chain bridge saw 116,500 rsETH stolen worth about $292 million. TRM Labs said attack frequency has not risen but methods have become more sophisticated.
Crypto
Crypto \'wrench attacks\' hit France as kidnappings and home invasions surge
Kidnappings and home invasions targeting cryptocurrency holders are surging in France, bringing so-called \"wrench attacks\" to the fore as a public security issue. The French government said at least 41 crypto-related kidnapping and home-invasion cases have occurred this year, about one every 2 to 3 days. Authorities are stepping up responses, while experts warn criminals are using social media, event attendance records and leaked data to track victims.
