Some criminal organizations are yet to receive the memo — crypto is traceable — and could explain the recent string of crypto-related kidnappings, says Chainalysis CEO Jonathan Levin.
Law enforcement has been increasingly successful at tracing stolen funds and crypto ransom payments, resulting in a “lot of arrests,” Levin said during the 2025 Consensus crypto conference, covered by Cointelegraph.
“For whatever reason, there is a perception that’s out there that crypto is an asset that is untraceable, and that really lends itself to criminals acting in a certain way,” he said.
“Apparently, the know that crypto is not untraceable hasn’t been received by some of the organized crime groups that are actually perpetrating these attacks, and some of them are concentrated in, you know, France, but not exclusively.”
Jonathan Levin (left) says criminals targeting the crypto industry should know that the funds are traceable and law enforcement can track