Scorechain's Blog

Report: Anatomy of a Crypto Hack – NFT edition

After releasing the Anatomy of a Crypto Hack last year, Scorechain is releasing today its latest report: Anatomy of a Crypto Hack – NFT edition. This new report depicts the NFT industry and its regulatory overview. The report then examines how criminals can use these assets for laundering purposes and

Anatomy of a Crypto Hack report – 4 Big Hacks in review

Scorechain’s Anatomy of a Crypto Hack report is now available for free download. The Anatomy of a Crypto Hack report covers the following topics: 3 of the most common crypto laundering techniques; How blockchain analytics help mitigate money laundering risks; Review of 4 big crypto hacks; and The impact of

Report: Review of Bitcoin transactions in terms of ML/TF Risks

Scorechain released its latest report. It studies Bitcoin transactions during the last 5 years (2016-2020). The aim is to give perspective on the associated money laundering (ML) and terrorist financing (TF) risks. Bitcoin and ML/TF risks Bitcoin has been released for more than a decade now. During this time frame,

The biggest scams in the cryptocurrency ecosystem in 2020

This article was published in French on February 28th, 2021: https://www.cointribune.com/actualites/les-plus-grands-scams-de-lecosysteme-crypto-en-2020/  Although cryptocurrencies are revolutionizing traditional financial systems, they are also used for scams such as Ponzi schemes, ransomware and high-yield investments. Take the well-known example of PlusToken. This Ponzi pyramid allowed its creators to steal several billion in crypto

Are DEXs widely used to launder money and finance terrorism? Scorechain report on the State of ML/TF through DEXs in 2020

Key takeaways: Since last year, there has been a boom in the usage of DeFi protocols and platforms, and amongst them DEXs. An increased risk of ML/TF derives from DeFi and DEXs due to a lack of KYC/AML standards. Scorechain released a report to analyze the state of ML/TF through

Lightning Network: how to have an appropriate AML risk-based approach?

How the Lightning Network has been used until now? Scorechain data team just released the use of the Lightning network over the past year. The graph tells us that lightning network use was very popular at the beginning of its creation with some pics at more than 2,000 payment channel

Scorechain Crypto Crime Study: Mixing coins on Bitcoin Blockchain is trendy again

By design, the Bitcoin Blockchain is transparent but anonymous. The use of mixing platforms or mixing transaction techniques has started at the early beginning of the network and gained popularity over the years.  As we can see from the graph above, the mixing activity was extremely popular during the year

Someone keeps sending funds with abnormal high transaction fees of 10,666 ETH: why is it a key risk indicator?

On June 10, around 1 pm Paris Time, an astonishing transaction occurred: a wallet sent 0.55 ETH with a 10,666 ETH which is 115 euros worth transaction for a transaction fee around €2.3 million at this time (210000 ETH Gas). Transaction fees are normally set by the network but in

Can Exchange Platforms Trade Surveillance data reflect the COVID-19 crisis?

As part of providing risk aml solutions for cryptocurrency assets, at Scorechain we also provide trading information looking at services and exchanges inflows and outflows. Let’s have a look at this notable correlation between the ongoing Covid-19 crisis, Bitcoin price and exchanges on-chain trades. Can the recent event related to

Number of transactions containing MultiSig addresses by month

Take a look at Scorechain research result about the number of transactions containing MultiSig addresses! Was the evolution since March 2018 due to the Lightning Network ? Follow us on our social medias for more researches! Linkedin or Twitter