Unlicensed MSB BitcoinThe term "Bitcoin" can either refer to Bitcoin the network, ... More ATMA Bitcoin ATM (Automated Teller Machine) is a business who o... More

In August 2019, Kunal Kalra pled guilty to US federal criminalA Criminal is an individual or group who has been convicted ... More charges for owning and operating an unlicensed MSB where he exchanged up to $25 million in cash and cryptocurrencyA cryptocurrency (or crypto currency) is a digital asset des... More for darknet drug dealers and other criminals in person and through his bitcoin ATM.

In this case study, we break down the details of the Kalra’s illegal activities—including how he skirted detection at a top 10 US bank—and show how banks can use CipherTrace Armada™ to uncover similar bad actors using crypto on their payment networks.