Chainalysis hits back at Binance over illicit crypto analysis that used its data – DL News
- Chainalysis clarifies a recent Binance crypto crime analysis.
- The security firm said the analysis left out key data.
- Binance previously admitted to anti-money laundering and sanctions violations.
Chainalysis, a blockchain security firm, has publicly responded to inquiries over an analysis conducted by crypto exchange Binance that used its data.
In a November 17 blog post, Binance claimed data from Chainalysis and TRM Labs, another blockchain security firm, showed that only 0.018% to 0.023% of trading volume across the top seven biggest crypto exchanges — including itself — was directly linked to illicit crypto wallets.
“Both analytics firms’ data suggest that Binance, the world’s largest digital-asset exchange, consistently…
