Why do you need blockchain analytics tools?

Today, there are more and more blockchain analytics tools available for companies processing cryptocurrencies. In this article, we will explain why they are of utmost importance for such companies. But first, what exactly is blockchain analysis? Unlike common thinking, blockchain transactions are not anonymous but rather pseudonymous. Everyone can see »

10 of the most compliant VASPs in Scorechain’s Entity Directory

Scorechain Entity Directory assesses the level of risk of each identified virtual asset service provider (VASP) by assessing their anti-money laundering (AML) and combating the financing of terrorism (CFT) policies and their exposure to jurisdiction and security risks. The Entity Directory rates each identified VASP to help users assess their »

Liquid Hack: What We Know a Few Days After the Hack

Key takeaways: On Aug. 19, Liquid exchange announced it had suffered a hack on its Twitter account. The exchange reported several addresses linked to the hack and is investigating the funds’ movements. The hacker is depositing the funds on several crypto platforms. Liquid exchange hacked: what happened? On August 19, »

Forensic evidence storage through blockchains: Scorechain in Cyber-Trust Project

The CYBER-TRUST project aims to develop an innovative cyber-threat intelligence gathering, detection, and mitigation platform, as well as, to perform high-quality interdisciplinary research in key areas for introducing novel concepts and approaches to tackle the big challenges towards securing the ecosystem of IoT devices.  Scorechain’s role in this project was »

Hamas crypto addresses seized by Israel: how to monitor the funds?

Key takeaways: Israel issued a seizure order on 84 addresses linked to the Hamas terrorist group. The wallets hold various cryptocurrencies such as BTC, ETH, LTC, XRP, etc… In July, the Israeli government issued an Administrative Seizure Order to seize 84 cryptocurrency addresses it says belong to the terrorist group »

Crypto Compliance: Monitoring and Mitigating Jurisdiction Related Risks

Key takeaways: FATF updated its list of jurisdictions under increased monitoring with 4 additional jurisdictions that have deficiencies in their AML/CFT regimes. Funds associated with these jurisdictions are thus riskier in terms of ML/TF. The Financial Action Task Force (FATF) decided to place 4 additional jurisdictions on its “greylist” on »

June FATF Plenary: Outcomes of the Meeting

Key takeaways: FATF plenary took place from June 21 to 25. The report on the 12-month review of FATF’s revised standards for VAs and VASPs will be published on July 5. The finalization of FATF’s revised Guidance on VAs and VASPs is pushed back to October 2021. FATF plenary meetings »