Chainalysis Launches Program to Store and Sell Seized Crypto Assets for Gover...
The blockchain intelligence and surveillance company Chainalysis revealed the launch of a new program that aims to help governments and insolvency practitioners sell seized cryptocurrencies. The news follows the recent U.S. government seizure of more than 69,000 BTC worth over $1 billion on November 3. Blockchain surveillance firm Chainalysis announced the launch of a new program that caters to recovering, storing, and selling crypto assets that have been seized by law enforcement officials. “[The] asset realization program [will] help government agencies and insolvency practitioners....
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What happens to crypto assets used for nefarious activities after authorities seize them? A new Chainalysis program helps sort through the rubble. In the 11 years since the inception of the crypto industry, malicious parties have used digital assets for a spate of illegal activities, from drug payments to money laundering. Blockchain analytics firm Chainalysis is launching a new service to help authorities track, custody and sell cryptocurrencies associated with crime after their capture. The firm calls the initiative its Asset Realization Program. "Chainalysis created an end-to-end....
Crypto continues to be a controversial asset when it comes to the law and crime. Just this fiscal year alone, the IRS has seized $1.2 billion worth of cryptocurrency. The U.S. government started seizing crypto assets during the Silk Road shutdown of 2013. And so far since, there has been crypto seized from individuals every year. Often the public is not privy to what happens to seized assets. Once seized, the government has the discretion to dispose or store these assets the way it deems the best. A good amount has been seized by the IRS alone over the years. Assets whose worth run into....
Bitcoin.com has announced an affiliate program for our official store, allowing another way for people to become part of our community by benefiting promoters, and providing Bitcoin enthusiasts with another way to spread Bitcoin adoption. The affiliate program is open to anyone, anywhere in the world who is interested in being involved. This provides an....
Chainalysis helps regulators, financial organizations and governments reduce their compliance workload by deploying Chainalysis Reactor or other Chainalysis products. Do Coinbase and Binance use Chainalysis for compliance?Both Coinbase and Binance use Chainalysis software to monitor crypto transactions and comply with AML regulations.Chainalysis assists Coinbase with AML enforcement. Coinbase has emerged as a crypto asset kingmaker for investors thanks to its regulatory compliance, robust security, ease of use, and investing focus. Binance partnered with Chainalysis to establish a core....
Chainalysis, one of the leading blockchain and cryptocurrency auditing firms, has issued a report indicating signs of significant wash trading activity involving NFTs. In these operations, some actors effectively sell their assets to themselves, with the intention of increasing the floor price of the NFTs to sell them at a higher price later. However, this wash activity has not always been profitable due to gas costs. Wash Trading Involving NFTs Is Real, Says Chainalysis A new report issued by Chainalysis, one of the leading auditing and tracking firms in crypto, has detected....