Chainalysis: "Piggybacking" cryptocurrencies is becoming a national security threat

14.11.2025

Chainalysis, a leading blockchain analytics company, has warned of a significant increase in so-called "piggybacking" cryptocurrency scams, which are now seen as a national security threat. According to Chainalysis, losses from this type of fraud will exceed $3.3 billion in 2025, a 45% increase from last year."Pig-butchering" schemes (pig-butchering) are long-term psychological manipulations, when fraudsters build a trusting relationship with the victim, convincing them to invest large sums in fictitious cryptocurrency projects. Experts note that such schemes are becoming more and more sophisticated and are often international in nature, which makes it difficult to stop them.In November 2025, there is an increase in the number of applications to law enforcement agencies regarding such crimes, as well as increased international cooperation to combat them. Chainalysis emphasizes that fraudsters are increasingly using anonymous cryptocurrency wallets and sophisticated money laundering schemes, making it more difficult to track transactions.Governments of a number of countries have already strengthened control over cryptocurrency platforms and introduced new requirements for user verification. Experts recommend investors to be as cautious as possible, check the legitimacy of projects and do not give personal data to unknown persons.The growing number of such crimes emphasizes the need to develop international regulatory standards and improve financial literacy among users of digital assets.