Scorechain's Blog

North Korean Lazarus Group Behind Over $55M CoinEx Hack

On Tuesday 12 September 2023, a significant security breach shook the cryptocurrency exchange, CoinEx, resulting in the theft of $55M. CoinEx revealed the detection of anomalous withdrawals from several wallets designated to secure the platform’s assets. Our specialized investigative team was promptly deployed to probe the incident, uncovering a series

Scorechain expands its support to Base

In the fast-paced world of cryptocurrencies, building a secure environment is a must. Scorechain is integrating the Base network into Scorechain’s Blockchain AML Compliance solution to support the security of Base and the growing onchain ecosystem.  As the first Blockchain KYT solution provider, Scorechain can assist you in empowering the

Scorechain’s Blockchain AML Compliance solution Now Supports Celer Bridge Protocol

Scorechain has expanded to encompass Celer Bridge, a multi-chain interoperability protocol that allows users to bridge assets and arbitrary messages across different blockchains. You can now follow all the coins swapped through this protocol including Ethereum, BSC, Polygon, Avalanche, Arbitrum, Fantom, Moonriver, Optimism, and more. This extension enables users to

Hong Kong Crypto Regulations

In a move that has captured the spotlight in the cryptocurrency landscape, Hong Kong unveiled plans in May 2023 to permit retail crypto trading. This announcement marked a significant turning point of Hong Kong crypto regulations , drawing widespread attention to the region’s evolving stance on digital assets. Adding to

Crypto Crimes you need to be aware of

Nowadays, criminals heavily rely on cryptocurrencies to hide the source of their assets and use them for money laundering, fraud, and purchasing illegal goods and services. Dark web marketplaces often use cryptocurrencies as a preferred method of payment for buying drugs or child sexual abuse material. Cybercriminals also utilize them

Alphapo’s Hack now estimated at over $60M

A few days ago, Alphapo, a prominent crypto payment platform, suffered a significant breach in its hot wallets involving Ethereum, TRON, and Bitcoin. As a result of the attack, the platform recently lost over $60 million, with the potential for an even greater loss due to uncertainties surrounding the exact

How to choose the right crypto AML solution

Money laundering and other financial crimes have been a persistent problem for decades, and the rise of cryptocurrencies has only made the situation more complex. Cryptocurrencies provide anonymity and can be easily transferred across borders, so they have become an attractive tool for criminals looking to launder their ill-gotten gains.

Scorechain and Hawk AI partner to Introduce an End-to-End Transaction Monitoring Solution for Enhanced Compliance

Esch-sur-Alzette/Munich, 6 June 2023 – Scorechain, the leading crypto AML compliance solution provider, today announced a new partnership with Hawk AI, Germany’s leading software provider of anti-money laundering surveillance technology for banks, payment firms, and fintechs, to unveil a holistic end-to-end transaction monitoring solution for comprehensive compliance. With the partnership,

Scorechain releases its advanced transaction monitoring system for holistic automation of crypto AML compliance

Scorechain is the leading European provider of blockchain analytics tools. Today, the company announces the launch of its advanced rule engine-based transaction monitoring system. Introducing our advanced transaction monitoring system The Scorechain team designed the new feature to help automate the crypto transaction monitoring process, making it faster, easier, and

ChipMixer, a prominent crypto mixing service, shut down

Last week, the US and Germany, with support from Belgium, Poland, Switzerland, and Europol, announced the shutdown of ChipMixer, one of the largest crypto mixing services. The shutdown is related to Chipmixer’s alleged involvement in money laundering activities. The action resulted in the seizure of over 1,900 BTC in 55