Scorechain's Blog

Profanity tool exploit: $3+ million drained

Last week, hackers exploited a vulnerability in the vanity address generator Profanity and stole over $3 million in ETH and various ERC20 tokens. Profanity vulnerability exploit leads to $3.3 million in losses Profanity is a tool that can generate vanity crypto addresses on the Ethereum blockchain. On September 15, 1inch

The Ethereum Merge: long-awaited update rolls out

What is the Ethereum Merge? The Merge is a long-awaited update of the Ethereum blockchain. It occurred on September 15 at 06:42:42 UTC (block 15537393). The update switched the network’s consensus model from proof-of-work to proof-of-stake. To do so, the Ethereum Mainnet merged, hence the name of the update, with

5 things to know about USDC

USD Coin, or USDC, is a well-known crypto asset launched by Circle in September 2018. Around 1.5 million people currently hold the asset on Ethereum wallets, for example. USDC’s issuer also states that USDC accounts for over 5 trillion transactions as of September 2.  Today many exchanges, DApps, wallets, and

Scorechain and FinchTrade partner to ensure compliant crypto transactions.

FinchTrade AG (FinchTrade), a regulated institutional-grade OTC digital asset liquidity provider, onboards with Scorechain SA (Scorechain), top blockchain analytics services provider, to ensure safe crypto transactions in compliance with regulations. Evolving regulatory status of crypto assets worldwide Compliance has now become essential for virtual asset service providers (VASPs). They are

State of crypto regulation in Austria

There is currently no specific crypto regulation in Austria. However, the FMA is considering crypto assets under its AML regulations. Crypto compliance in Austria quick guide This quick guide gives you quick insights into the regulation of crypto assets in Austria. Crypto and AML regulation in Austria Austria transposed the

Unhosted wallets and AML compliance

From FinCEN in the US to MiCA in the EU, unhosted wallets and AML compliance have already been at the heart of some regulatory debates in the last few months. What is an unhosted wallet? An unhosted wallet is a crypto wallet that is not hosted on a crypto platform

Curve Finance DNS hack: $570,000+ lost

Curve hack: front end compromised Last week, Curve Finance suffered a DNS hack and announced its front end had been comprised. Curve Finance is a stablecoin decentralized exchange (DEX) that runs on the Ethereum blockchain. This attack targetted the front end of Curve. More specifically, hackers have been able to

OFAC sanctions Tornado Cash and adds related crypto addresses to the SDN sanction list

On Monday, OFAC added Tornado Cash mixing service, related ETH, and USDC addresses to its SDN sanction list. What is a crypto mixer? A cryptocurrency mixing service is a decentralized service running on blockchains. It allows users to transact cryptocurrencies with enhanced privacy. Indeed, mixing services are obfuscating the trail

USDT TRC20 analytics: how to implement AML checks?

USDT TRC20 transactions on the Tron blockchain have increased, as shown in the image below. There are currently more USDT transfers on the Tron blockchain than on the Ethereum blockchain, which remain one of the largest today. As USDT TRC20 is one of the top traded tokens on Tron, it

Audius hack: 18 million AUDIO tokens stolen

Audius hack: exploit of the platform’s governance  On July 23, Audius, a decentralized music streaming platform, was exploited for $1 million. The Audius hack was due tcompromised bugised in the platform’s governance, staking, and delegation contracts. It allowed the hacker to exploit the platform’s voting system and change the amount