Blog de Scorechain

Safereum Executed $1.3M Rug Pull

Safereum rug pull shook the DeFi community, as developers sold $1.27 million in tokens, causing more than 94% price crash. The actions indicate an exit scam, emphasizing the need for DeFi caution and regulatory oversight to protect investors. The world of decentralized finance (DeFi) has been shocked by the Safereum

OFAC Sanctions Hamas Members and Financial Facilitators

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken a significant step by imposing sanctions on key members, operatives, and financial facilitators associated with the Hamas terrorist group. These sanctions targeted individuals and entities operating not only in Gaza but also in several locations, including

Travel Rule Came into Effect in the UK

Started on 1 September 2023, Travel Rule has been enforced in the UK. Referred to the Travel Rule, this new mandate will require crypto businesses to implement a series of measures aimed at enhancing transparency and accountability in crypto asset transfers. What is a Travel Rule? The Travel Rule requires

Huobi Crypto Exchange was Hacked for $8 Million 

Huobi, one of the world’s prominent cryptocurrency exchanges, has fallen victim to a major hack resulting in a loss of $8 million worth of Ethereum (ETH). The breach was discovered and reported on September 25, 2023. The attackers successfully compromised one of Huobi’s hot wallets, which are online wallets designed

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.

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

Implementing holistic AML monitoring for Polygon (MATIC)

Scorechain is the leading European provider of blockchain analytics tools. Our all-in-one crypto AML platform already supports over 30 blockchains. Today, we are happy to introduce our Polygon coverage and help customers enhance their AML monitoring for the blockchain. What is Polygon? Polygon is a blockchain network created in 2017.

OFAC adds crypto address owned by drug trafficking organization to the SDN list

OFAC adds additional Bitcoin address to the SDN list The Office of Foreign Asset Control (OFAC), a department of the US Treasury, is the authority responsible for sanction enforcement and managing the Specially Designated National (SDN list). The SDN list gathers individuals and entities that OFAC determined are involved in