What is Ethereum? Ethereum is a blockchain with a native cryptocurrency Ether (ETH). It has been created in 2015 by the programmer Vitalik Buterin. The Ethereum blockchain allows users to transfer Ether between them. Besides, and unlike the Bitcoin blockchain, the Ethereum blockchain allows users to build decentralized applications (DApps) »
Key takeaways: Poly Network suffered a hack that is said to be the largest one in DeFi history. After establishing communication with the hacker, Poly Network started to receive some of the stolen funds back. In such cases, blockchain analytics tools are very useful to track and monitor the coins. »
Key takeaways: DeFi attracts more and more users, bringing AML and fraud risks to the crypto industry though. Regulators might be issuing DeFi regulations soon. The decentralized finance (DeFi) industry has been booming since mid-2020 and gathers more and more users. Indeed DeFi platforms such as decentralized exchanges (DEX), lending, »
Key takeaways: Since last year, there has been a boom in the usage of DeFi protocols and platforms, and amongst them DEXs. An increased risk of ML/TF derives from DeFi and DEXs due to a lack of KYC/AML standards. Scorechain released a report to analyze the state of ML/TF through »
The leading Risk-AML software for cryptocurrencies can now provide Scoring & Red flags for transactions processed through decentralized exchanges to prevent money laundering and reduce criminal activity through DeFi. Scorechain is able to provide AML/CTF for any Dex trades Decentralized Finance (aka. DeFi) is widely used today and is becoming »
