A USENIX study on high-risk Ethereum and BNB Chain addresses links 65,340 flagged wallets to roughly $574.8 million in losses, casting a spotlight on how illicit or dangerous activity spans m
A USENIX study on high-risk Ethereum and BNB Chain addresses links 65,340 flagged wallets to roughly $574.8 million in losses, casting a spotlight on how illicit or dangerous activity spans more than one major blockchain rather than staying confined to a single network.
WHAT TO KNOW
According to the USENIX study, 65,340 addresses across Ethereum and BNB Chain were classified as high-risk and connected to about $574.8 million in losses. The finding is presented as a cross-chain measurement rather than an incident tied to any one project. For related coverage, see Bitwise Explores Tokenized Shares for Solana Staking ETF.
The underlying research artifact for this report is marked as only partially verified, so these figures should be read as a reported study finding attributed to USENIX, not as independently confirmed totals. The two headline numbers, the address count and the loss figure, are the core of what the evidence supports. For related coverage, see Bitwise Weighs Tokenizing Solana Staking ETF in Superstate Partnership.
The significance here is breadth. The study frames the risk as spanning both Ethereum and BNB Chain, two of the most heavily used smart-contract networks, rather than a single ecosystem, which makes the flagged activity a multi-network concern. For related coverage, see Coinbase Bitcoin Premium Hits 90-Day High on Fresh U.S. Demand.
This is a story about exposure across chains, not about token price movement. The research contains no verified price, protocol-specific, or regulatory data, and it names no specific scam type, protocol, or wallet behavior, so those details are outside what can responsibly be stated. For related coverage, see UBS Increases Bitcoin Exposure With 24-Fold ETF Options Bet.
A cross-chain footprint also complicates monitoring, because activity that moves between networks is harder to track than behavior contained within one explorer or one ecosystem. That breadth is precisely why a reported total spanning both chains carries more weight than an equivalent single-network tally.
If the reported scale holds, the practical takeaway sits with security teams and users: wallet screening, transaction monitoring, and basic due diligence before interacting with unfamiliar addresses. A pool of tens of thousands of flagged wallets is the kind of dataset those tools are built to consume.
Fuller methodology details, including how the addresses were classified and how the loss figure was calculated, would be needed to independently verify the study's conclusions. Readers tracking broader network sentiment can watch the Fear & Greed Index for context, though it does not speak to these specific findings.
The cross-chain framing echoes how institutional interest itself now straddles multiple assets, as seen when JPMorgan boosted its Bitcoin and Ether ETF positions, underscoring that both risk and demand increasingly move across networks at once.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
Read original article on marketbit.net
