Collaborate Disseminate
Cryptocurrency users, exchanges and investors suffered $4.5 billion in crypto-related losses resulting from thefts, hacks, and fraud, a CipherTrace report reveals. Cryptocurrency crime losses The lion’s share of those losses stem from the staggering gr… Continue reading Cryptocurrency crime losses more than double to $4.5 billion in 2019
With only seven months left for nations to pass laws and virtual asset service providers (VASPs) to comply with the guidelines, the majority of cryptocurrency exchanges are not equipped to handle basic KYC, let alone comply with the stringent new funds… Continue reading 2019 experienced massive spate of crypto crimes, $4.4 billion to date
CipherTrace, a leader in blockchain security, introduces an open source Travel Rule Information Sharing Architecture (TRISA). This secure and trustworthy framework enables cryptocurrency exchanges to comply with new funds Travel Rule requirements. Virt… Continue reading CipherTrace’s new solution enables confidential transmission of Bitcoin transaction data
Although exchanges, wallets and other cryptocurrency custody services are strengthening their defenses, attackers continue to innovate and outpace even the current state of the cybersecurity art, according to CipherTrace. Even Binance, the world’s numb… Continue reading Thefts from cryptocurrency exchanges continue despite increased security
There is a concerning trend of cross-border crypto payments leaving U.S. exchanges and entering offshore and untraceable wallets, a CipherTrace report reveals. In the twelve months ending March 2019, crypto transfers from U.S. exchanges to offshore exc… Continue reading A wave of regulation is coming to the cryptocurrency economy
Blockchain security company CipherTrace fully emerges onto the world stage with the announcement of major venture capital financing to fund rapid growth. The company has raised $15M in venture capital from top Silicon Valley and New York venture capita… Continue reading CipherTrace raises $15M from blockchain and cybersecurity venture capital firms
$1.7 billion in cryptocurrency was stolen and scammed in 2018 — a dramatic rise in criminal activity despite a slump in the market, according to CipherTrace. Criminals need to launder all these funds in order to cash out before a wave of regulations go… Continue reading $1.7 billion in cryptocurrency was stolen and scammed in 2018
Three times more cryptocurrency was stolen from exchanges in the first half of 2018 than in all of 2017, according to CipherTrace. These dirty funds all need to be “laundered,” which results in a multi-billion-dollar and growing cryptocurrency money la… Continue reading Dramatic increase in cryptocurrency money laundering