Jul 22, 2024 | Compliance, Cryptocurrency exchanges, Scam
It’s no secret that scams that involve cryptocurrency are rife and something cryptocurrency users very regularly encounter. Lots of cryptocurrency users have at some point lost some of their cryptocurrency to a scam. There’s no single solution to the plague of scams...
Jan 19, 2023 | Compliance, Cryptocurrency exchanges, Regulation, Security
In the wake of all the cryptocurrency exchanges that have imploded over the past year, including most notably FTX, it should be apparent that centralized cryptocurrency exchanges are centralized financial institutions that perform the same functions that banks provide...
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,...
Feb 27, 2020 | Cryptocurrency exchanges, Cryptocurrency Theft, DeFi, Regulation, Security
Centralized crypto exchanges have increasingly been portrayed as insecure relative to decentralized exchanges over the past few years. This is due to an abundance of hacks that have occurred including on Upbit, DragonEx, Mt. Gox, Binance, Coinbene, Cryptopia, to Fcoin...
Dec 7, 2019 | Cryptocurrency exchanges, Cryptocurrency Theft, Fraud, Scam
The cryptocurrency space is rife with fraudulent cryptocurrency exchanges, Ponzi schemes, and crypto projects that take off and run with people’s money. Specifically, we’re referencing the common scheme with “anonymous teams” or falsified personas suddenly vanishing...
