Sep 28, 2021 | Compliance, Cryptocurrency exchanges, Money Laundering, Regulation
This past week, the US government took action for the first time to sanction a foreign cryptocurrency exchange, Suex, in an effort to stem the tide against ransomware and cybercrime. This enforcement action puts Suex in the same category as suspected terrorists. Thus,...
Jan 6, 2021 | Compliance, Money Laundering, Privacy
The concept of “tainted Bitcoin” or “tainted cryptocurrency” is one of the most misunderstood aspects among Bitcoin enthusiasts. This misunderstanding doesn’t just apply to beginners, but to intermediate/advanced cryptocurrency users and traders, individuals who work...
Jun 12, 2020 | Cryptocurrency Theft, Hacking, Security
When a hacker is able to obtain access to a user’s cryptocurrency account, 99.9% of the time it’s due to a breach of user’s seed phrase. But the seed phrase can be breached in a variety of ways, allowing a hacker to steal cryptocurrency, and there are different attack...
May 29, 2020 | Cryptocurrency Theft, Hacking
Nowadays, the percentage of Bitcoin transactions that involve criminal activity has declined considerably compared to what it once was. Today, a relatively small number of Bitcoin transactions are related to crime, even though many (uneducated) pundits and politicians...
