Chainalysis responds to Binance's crime analysis report: Not covering all categories of illegal activities

According to DLnews, Chainalysis publicly responded to Binance's criminal analysis report using its data. In November, Binance claimed that, based on Chainalysis data, only 0.018% to 0.023% of the trading volume on the leading exchange was directly related to illegal wallets, and that Binance performed better than the market. However, Chainalysis clarified that the analysis did not cover all categories of illegal activities (such as ransomware and hacking theft) and only accounted for "direct contact," excluding funds transferred through personal wallets.

Such "transfer wallet" strategies are widely used by cryptocurrency criminals to cover their tracks.