skip to Main Content
CipherTrace is hiring! See our current job openings.

Battling crypto crime around the world: A look at the fight against theft and fraud in a challenging market

The cryptocurrency world endured a turbulent spring in 2022. Markets were highly unpredictable, and by July the market capitalization had shed over 50 percent of its value since the start of 2021. Virtual asset prices also took a substantial hit. In CipherTrace’s latest Cryptocurrency Crime and Anti-Money Laundering Report, we look back at those volatile…

Read more
CipherTrace cyrptocurrency crime and anti-money laundering report

Crypto crime: Combatting hacks, thefts, and fraud in the decentralized finance ecosystem

The last seven months have been thrilling for us. In October 2021, Mastercard acquired CipherTrace. Together, we’ve been accelerating our efforts to ensure that the crypto economy is instilled with the same trust and peace of mind that consumers currently experience with more traditional payment methods. Now that we’re part of the Mastercard family, we…

Read more

Setting the Record Straight: Law and Policy Are Not at Odds with Crypto Analytics

The crypto revolution is transforming traditional finance systems by increasing access to financial services, accelerating transfers and bringing transparency and auditability to finance transactions. These are amazing enhancements. To sustain the viability of this new, decentralized digital economy, it is important to prevent bad actors using cryptocurrencies to fund violence and inflict harm. Blockchain analytics…

Read more

Mastercard Acquires CipherTrace to Enhance Crypto Capabilities

Mastercard (NYSE: MA) will extend its capabilities deep into the field of digital assets with an agreement to acquire CipherTrace, a leading cryptocurrency intelligence company with insight into more than 900 cryptocurrencies. As digital assets, including cryptocurrencies and non-fungible tokens (NFTs), become more intertwined with everyday activities — from the way people pay and get paid to… Read more

Sanctions Research: More than 72,000 unique Iranian IP addresses linked to more than 4.5 million unique Bitcoin addresses

The following is an excerpt from our Cryptocurrency Crime and Anti-Money Laundering Report. Since monitoring sanctions-related IP usage across the Bitcoin blockchain, CipherTrace has detected more than 72,000 unique Iranian IP addresses linked to more than 4.5 million unique Bitcoin addresses. These Iranian IP addresses were either involved in direct cryptocurrency transactions or were used… Read more

Crypto-Asset Exchange Threat Modeling

  On April 13, 2021, the Cloud Security Alliance (CSA) Blockchain/Distributed Ledger Working Group released the Crypto-Asset Exchange Security Guidelines—a set of guidelines and best practices for crypto-asset exchange (CaE) security. The set of guidelines were created to help educate users, policymakers, and cybersecurity professionals on the pros and cons of further securing Virtual Asset Service…

Read more

CipherTrace Files Two Monero Cryptocurrency Tracing Patents

November 20, 2020 CipherTrace has filed their second Monero tracing patent application— Techniques and Probabilistic Methods for Tracing Monero.  This follows on their first patent application Systems and Methods for Investigating Monero. These patents cover: Forensic tools to explore Monero transaction flows to assist in financial investigations. Development of original tracing methodologies based on simulation…

Read more

Half of 2020 Crypto Hacks are from DeFi Protocols and Exchanges

This blog is an excerpt from the upcoming CipherTrace 2020 Cryptocurrency Crime and Anti-Money Laundering Report In first half of 2020 DeFi took up 45% of all thefts and hacks ($51.5M or 40% of hacked volume). In second half of 2020 DeFi took up 50% of all thefts and hacks ($47.7M or 14% of hacked… Read more

CFTC, DOJ Charge BitMEX Owners with Illegal Operations and Anti-Money Laundering Violations 

On October 1, the US Department of Justice announced the indictment of four BitMEX executives, charging the group with violating the Bank Secrecy Act (BSA), and conspiring to violate the BSA by “willfully failing to establish, implement, and maintain an adequate anti-money laundering (“AML”) program.” On the same day, the Commodity Futures Trading Commission (CFTC) filed a civil enforcement action charging five entities…

Read more

FinCEN Doubles Down on Banks’ Crypto Exposure

Taking center stage in a key-note address at the virtual 2020 ACAMS Las Vegas Conference, FinCEN Director Kenneth A. Blanco clarified a long-standing confusion banks have had regarding their exposure to cryptocurrencies and the steps they must take the mitigate these risks.  Director Blanco said that FinCEN continues to focus its efforts on a number…

Read more
Back To Top