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Ciphertrace’s Pamela Clegg collaborated with our partner Unit21 about how criminals target fiat more than crypto

Just because something is called a crypto-scam or crypto fraud, does not automatically mean that it would be unique to crypto activity – or that it even touches cryptocurrency  in some way.Crypto fraud must involve some on-chain movement, transactions on the blockchain. Any fraud occurrence that ends with stolen crypto or a crypto scam, but…

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Mastercard Ciphertrace Expert Witness Plays Central Role in $29 Million Disgorgement Case

In the summer of 2023, the 13th District Texas Court of Appeals made its final ruling on a case (Ahlgren III v. Ahlgren Jr.), wherein Pamela Clegg, an expert witness from Ciphertrace, a Mastercard company, set another precedent demonstrating the role of blockchain analytics in the North American legal system. By assisting the court in…

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U.S. arrests Bitzlato cofounder, alleges $700M illicit funds processed

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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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…

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Blockchain Analytics—the Secret Weapon to Combatting Ransomware  

CipherTrace provides critical cryptocurrency intelligence to the Ransomware Task Force to trace the criminal actors that perpetuate this threat. Ransomware not only impacts individuals; it also targets healthcare, education and even tech giants like Apple.  Ransomware continues to plague both the public and private sectors around the globe, but too often we in the cybersecurity industry find ourselves trying to… Read more
Mail Icon - Alert - Bitcoin Extortion Spike

ALERT: Spike in bitcoin extortion

CIPHERTRACE GLOBAL ALERT: Spike in Extortion Scams Demanding Bitcoin Payment Global Alert, August 3, 2018: Online extortion attempts have increased dramatically through July 2018. One flavor, in particular, is not new; it is an adaptation of previous phishing attacks used to perpetrate online extortion. What’s new is the massive scale at which the criminals are…

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Crypto Matrix - AML - Q2 Report Summary

Q2 Crypto AML Report Summary

Recently released research by CipherTrace has been making the news partly because of some surprising stats. For instance, The Cryptocurrency Anti-Money Laundering Report 2018 Q2 reveals that theft of cryptocurrencies from exchanges skyrocketed in the first half of this year to three times the level seen for the whole of 2017. For all of 2018, these…

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SEC Crypto Czar and CipherTrace CEO at SINET

CipherTrace CEO Leads SINET Panel that Includes New SEC ‘Crypto Czar’ On June 7, 2018, at the SINET Innovation Summit in New York, CipherTrace CEO Dave Jevans sat down with crypto asset experts and thought leaders for a discussion of the current and future state of cryptocurrencies. Topics ranged from fostering virtual currencies as mainstream…

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GDPR Threatens to Impair Cryptocurrency Crime Investigations

CipherTrace Cryptocurrency Threat Bulletin The European Union’s new General Data Protection Regulation (GDPR) https://www.eugdpr.org), which takes effect on May 25, 2018, will negatively impact the overall security of the Internet and will also inadvertently aid cybercriminals. By restricting access to critical ICANN WHOIS information, the new law will significantly hinder investigations into cybercrime, cryptocurrency theft,…

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