On January 18th, the Department of Justice, US Attorney’s Office Eastern District of New York published a press release that stated that Anatoly Legkodymov was arrested on January 17th in Miami, Florida. Assistant Attorney General Polite stated, “As alleged, the defendant helped operate a cryptocurrency exchange that failed to implement anti-money laundering safeguards and enabled criminals…
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As of November 10 2022, 1.9 million FTT (FTX’s token) was put back into FTX. Reports in the market last week suggested that that a large portion of the balance sheet of Alameda – sister company of FTX – had a high concentration of FTT, which it may have decided to address, although Alameda disputed…
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Dave Jevans, Executive Vice President, CipherTrace, a Mastercard company, speaks to FinextraTV at Sibos 2022 to recognize how financial institutions can identify their crypto exposure with on- and off-chain data, the importance of a crypto network and how financial institutions can instil trust in the crypto ecosystem for their businesses and customers.
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The Monero community posted notice of v15 (version number, not client version) — release version v0.18.0 — hard fork (HF) network upgrade on November 19, 2021. Known as “Fluorine Fermi,” based on Monero’s release naming convention, the network had meetings in March 2022 and reached a consensus on April 16, to target deployment of the…
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On June 30, FinCEN issued its first ever list of priorities for anti-money laundering and countering the financing of terrorism (AML/CFT) policy. These Priorities are intended to assist financial institutions in their efforts to meet their AML/CFT obligations. The final revised regulations are set to come out within the next 180 days, as required by…
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Cryptocurrency is revolutionizing traditional finance. Bringing his expertise in cryptocurrency and blockchain security to the Consensus 2021 virtual conference, CipherTrace CEO Dave Jevans was joined by Hailey Lennon (attorney at Anderson Kill, formerly at Silvergate) and Michael Kimani (creator at Cryptobaraza) for a lively discussion on “Crypto’s Thorn in the Flesh: Access to Banking Services.”…
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The market volatility created last week as Redditors from r/wallstreetbets banded together to buy stock in GameStop (GME), AMC (AMC), and Bed, Bath, and Beyond (BBBY) through the Robinhood app spilled over into the cryptocurrency world when Dogecoin, a token established in 2013 to satirize the growth of altcoins, caught Reddit’s eye. DOGE has a…
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Stefan Thomas is two failed password attempts away from losing the private keys to $220 million worth of bitcoin forever. This is because Thomas holds the private keys to his bitcoin wallet in an IronKey. “The World’s Most Secure Flash Drive” would rather die than give up its secrets, thanks to a series of built-in…
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In a December 9 CipherTrace-ACFCS Webinar on “How Cryptocurrency Intelligence Tipped the Scales in 2020 Sanctions Evasion,” over 500 attendees from various Financial Institutions were asked if they felt confident detecting cryptocurrency related payments flowing through their institutions and/or investigations. Over three-quarters—78.2%—of attendees responded that they do not feel confident in detecting crypto-related payments flowing…
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