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DEX

Are DEXs widely used to launder money and finance terrorism? Scorechain report on the State of ML/TF through DEXs in 2020

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 »

Scorechain is the first crypto AML provider to read through Decentralized Exchanges transactions to prevent money laundering and terrorism financing

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 »

Scorechain’s new feature can trace Kucoin hacker’s funds transfer via DEX

Last Friday the Singapore based crypto-exchange, Kucoin, was hacked with an estimated loss of around $150 million, including BTC along with BSV, LTC, XLM, Omni and EOS based tether (USDT), ether and ERC20 tokens, and XRP. During the early morning of last Sunday, the hacker started to launder a part »