Chainalysis hits back at Binance over illicit crypto analysis that used its data

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- ...