Tagged: chainalysis

Digital Asset Exchange and Wallet Provider Zebpay to Use Chainalysis Blockchain Tools to Prevent Financial Crime

Zebpay, a digital currency wallet and exchange provider that began its relaunch in India earlier this year, will be working with blockchain security and analysis firm Chainalysis to monitor crypto-asset transactions performed across its platforms for Indian consumers. Chainalysis had already been providing its Know… Read More

Upbit Announces Expansion of Partnership With Chainalysis to Support Broader Asia Pacific Region

Korean cryptocurrency trading platform Upbit has reportedly expanded its partnership with Chainalysis, a blockchain analysis company, to provide support across the broader Asia Pacific (APAC) region. According to the duo, Upbit APAC will also use Chainalysis KYT (Know Your Transaction) to ensure safe, secure trading experiences… Read More

Chainalysis Launches Partnership Program to Expand Cryptocurrency Compliance

Blockchain security and analytics firm Chainalysis announced on Thursday the launch of its partnership program, which will reportedly work with key infrastructure providers to “broaden” cryptocurrency transaction monitoring through integrations, distribution partners in new global markets and data providers to strengthen Chainalysis’ crypto intelligence. Chainalysis… Read More

Bitcoin Exchange Paxful Becomes First P2P Crypto Trading Platform to Work with Chainalysis to Enhance Compliance Processes

Chainalysis, a leading blockchain analytics and security company, has teamed up with Paxful, a major peer-to-peer (P2P) digital asset exchange. The partnership involves Chainalysis helping  Paxful with enhancing its compliance and KYC processes. Paxful will reportedly be using Chainalysis’ know your transaction (KYT) and “reactor”… Read More

Former Chainalysis Chief Technical Counsel Joins FinCEN as Deputy Director

Michael Mosier has joined the Financial Crimes Enforcement Network (FinCEN) as its new Deputy Director and Digital Innovation Officer. FinCEN is part of the US Department of Treasury. Mosier will be FinCEN’s first Digital Innovation Officer helping the agency to adapt to the fast-changing world… Read More

Chainalysis: Binance, Huobi, other Major Exchanges Used to Transfer $2.8 Billion in Bitcoin to Criminals in 2019

Chainalysis, a leading blockchain analytics and cybersecurity firm, revealed on January 15, 2020 that it had managed to trace $2.8 billion in Bitcoin (BTC) being transferred to criminals via cryptocurrency exchanges in 2019, with the vast majority of these transactions going through Binance and Huobi,… Read More

Chainalysis: PlusToken Scam Cash Outs May Be Crashing the Price of Bitcoins

Cryptoforensics firm Chainalysis says massive OTC cryptocurrency cash-outs by “PlusToken” scammers may be driving down the price of bitcoins. According to the firm: “Based in China, PlusToken presented itself as a cryptocurrency wallet that would reward users with high rates of return if they purchased… Read More

Chainalysis Software Upgrade Now Allows Tracking of ERC-20 Cryptos

Chainalysis, producer of KYT (know your transaction) and AML-compliance software that currently supports monitoring of 10 cryptocurrencies (Bitcoin, Litecoin, Bitcoin Cash, Ether, Binance Coin, Gemini Dollar, TetherUSD, Paxos Standard, and TrueUSD), has issued a “multi-currency release” that the company says will allow users to track transactions on… Read More

In a Move to Boost Regulatory Compliance, Bittrex Incorporates Chainalysis KYT

Digital asset trading platform Bittrex has signed up to leverage Chainalysis and its Know Your Transaction (KYT) platform. As regulators have focused more energy and attention on the crypto market, exchanges have had to up their game to make certain they operate within the parameters… Read More

Chainalysis Launches Software That Flags Suspicious Cryptocurrency Transactions on 15 Networks

Blockchain forensics firm Chainalysis has launched a “Know Your Transaction (KYT)…real-time anti-money laundering (AML) compliance solution for monitoring cryptocurrency transactions…across 15 cryptocurrencies.” Networks covered by the software include Bitcoin, Ethereum, Bitcoin Cash, Litecoin, stablecoins and ERC-20 tokens such as Tether, Maker, and Dai. The company… Read More

Blockchain Forensics Firm Chainalysis Named “Next Billion Dollar Startup”

About two years ago, crypto-forensics startup Chainalysis figured out it that its software could be adapted to help banks and cryptocurrency exchanges comply with anti-money laundering requirements, and Forbes believes the company is set to become a unicorn as a result. “We’re now helping banks… Read More

Citing “Major Global Regulatory Developments,” Blockchain Forensics Firm and Consultancy Chainalysis Hires Chief Technical Counsel

Blockchain forensics firm Chainalysis, which recently expanded into providing KYC/AML support services to cryptocurrency businesses, has added another member to its powerful compliance team. According to a company release, Michael Mosier, former high-ranking employee at the Department of Justice (DOJ), the Office of Foreign Assets Control… Read More

Chainalysis Partners with Lendingblock on AML/KYC in Advance of FATF Guidance

Crypto forensics firm Chainalysis has partnered with Lendingblock, the institutional lending exchange for digital assets. Chainalysis will provide AML/KYC technology to Lendingblock. Lendingblock allows hedge funds, exchanges, asset managers, etc. to find liquidity and facilitate strategies, in the digital asset sector. Lendingblock is regulated by… Read More

Hamas Sophisticating Its Bitcoin Donations System

Israeli civic-defence groups have been sounding the alarm since January that the militant Palestinian-liberation organization Hamas has started raising funds via Bitcoin. And while donations of Bitcoins to Hamas so far pale in comparison to the millions of dollars Hamas is believed to receive from… Read More

Cryptocurrency Forensics Firm Chainalysis Adds Tracking of Four “Stable Coins”

Chainalysis, an American company at the forefront of cryptoforensics (cryptocurrency transaction investigation), says it has added tracking of four “stable coins” to the suite of coins its “KYT” software can monitor. Chainalysis says its KYT (Know Your Transaction) software has already been being used by,… Read More

Mitsubishi UFJ Financial Group Invests in Cryptocurrency Compliance Platform Chainanalysis

Mitsubishi UFJ Financial Group (MUFG), via MUFG Innovation Partners (MUIP), has invested in Chainalysis – a provider of cryptocurrency compliance solutions. MUIP invested $6 million into Chainanalysis as part of a $36 million Series B funding round. The Series B was announced in February. Mitsubishi… Read More

Blockchain Forensics Firm CipherTrace Issues Statement in Response to #DeleteCoinbase Campaign

CipherTrace, a “blockchain forensics” firm that provides law enforcement and other clients with real-world data on cryptocurrency transactions, has issued a statement assuring the public that it does not sell data it obtains during the course of business to any third parties. The statement comes… Read More

Blockchain Forensics Firm Chainalysis Clarifies Data Use in Wake of Coinbase/ Neutrino Controversy

Blockchain forensics firm Chainalysis has blogged to address possible concerns that its services could be being used to violate crypto users’ privacy. The company’s statement comes after controversy erupted last week when it was revealed that Coinbase, a large American crypto trading platform, had acquired… Read More

North Korea Hacked $670 Million from Crypto Exchanges

Expert panelists have informed the UN Security Council’s North Korea Sanctions Committee that the tiny country has been hacking global cryptocurrency trading platforms to obtain capital, Nikkei Asian Review reports. This is the first time the panel has addressed the UN Security Council regarding cyberattacks… Read More

Chainalysis: Two Professional Groups Behind Majority of Lucrative Cryptocurrency Exchange Hacks

In its latest “Crypto Crime Report,” blockchain forensics firm Chainalysis says that two groups are responsible for 60% of hacks on cryptocurrency exchanges, the most lucrative types of crypto hacks by far: “Hacking dwarfs all other forms of crypto crime, and it is dominated by… Read More

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