AMLBot Team

Ethereum DeFi Exchange Curve Finance Suffers Frontend Hack

Ethereum DeFi Exchange Curve Finance Suffers Frontend Hack

The Curve Finance DeFi exchange suffered a hack recently, which led to the cybercriminals making away with over $570,000 in Ethereum equivalent. Nevertheless, some of the funds from the stated amount were frozen before the company announced that it had fixed the breach. The AMLBot team decided to conduct

Don’t Believe the Hype: Six Red Flags of Crypto Businesses

Don’t Believe the Hype: Six Red Flags of Crypto Businesses

Do you find a promising crypto project but aren’t sure if it’s a good case or a scam? Check it for 6 points of suspiciousness. Otherwise, you can go from riches to rags. Yes, some scams can cost you a whole fortune, so double-check every potential project!If

Positives Of Crypto Regulation

Positives Of Crypto Regulation

Significant changes in the cryptocurrency world have become a primary issue in the financial world in 2022: the fight against fraud, enormous losses, and new regulatory rules. In this article, we’ll break down all the changes in detail. Current situation This current state of affairs is disappointing: regular account

Bye-Bye or Hello Restrictions? UAE Government Set New Crypto AML laws, SEC and Coinbase Striving for More Regulations

Bye-Bye or Hello Restrictions? UAE Government Set New Crypto AML laws, SEC and Coinbase Striving for More Regulations

This week was rich with new restrictions. The G20 and the SEC want to create new universal crypto rules, as Coinbase’s CEO is continuously asking for more regulations in the industry. But at the same time, Voyager tends to say “Bon Voyage!” even to the court restrictions. What has

Легко получить лицензию и сложно начать бизнес. Рекомендация 2

В продолжение нашей серии статей на тему «Как не потерять криптолицензию в Эстонии» Николай подготовил вторую рекомендацию. Вы можете прочитать первую рекомендацию здесь и о том, почему Николай является экспертом в этой области, здесь. Вторая рекомендация связана с юридическим требованием, изложенным в Законе Эстонии о предотвращении отмывания денег и финансирования

Why you shouldn’t use Tornado Cash?

Why you shouldn’t use Tornado Cash?

Tornado Cash is a popular Ethereum mixer protocol that helps obfuscate crypto transactions. In April, Tornado Cash promised to block crypto addresses sanctioned by the Office of Foreign Assets Control (OFAC). But sanctioning addresses doesn’t mean the mixer cannot be used for dark services. As a result, yesterday, OFAC

Why (Centralized) Crypto Projects Fail?

Why (Centralized) Crypto Projects Fail?

The crypto industry has been divided along the line of idealistic convictions ever since its inception. The original blockchain – Bitcoin, was intended as a decentralized haven, an embodiment of the principles outlined in Satoshi Nakamoto’s White Paper. Bitcoin retains its status as truly decentralized, and the most secure blockchain

Who is Ross Ulbricht?

Who is Ross Ulbricht?

If you’ve spent time researching the dark web, you’ve likely come across the name “Ross Ulbricht.” Many know him as the founder of the popular dark-web marketplace, the Silk Road, but most don’t know the whole story. Learning about Ulbricht’s infamy and why he was given

Robinhood was accused of a $2 million money laundering scheme

Robinhood was accused of a $2 million money laundering scheme

Life imitates art and other latest crypto news up to 5 August Retailers are Willing to Accept Crypto, Robinhood is Accused of Money Laundering, and Russian Civilians are Funding Their Army Using Cryptocurrencies Retailers have finally accepted the constantly rising popularity of crypto and are preparing to establish it as

OneCoin Scam – The Takeaway

OneCoin Scam – The Takeaway

The crypto industry is sadly known for its many scams, the long history of which stretches back over a decade to the first blockchain projects. And now, another project has officially joined the hall of fame composed of degenerates and unscrupulous characters. Meet the OneCoin project – a scam as classic

Solana Ecosystem Hacked And Loses In Excess of $580 Million From Private Wallets

Solana Ecosystem Hacked And Loses In Excess of $580 Million From Private Wallets

The Solana blockchain has just come under attack, as the hackers have managed to take advantage of an exploit in the system and drain it of $580 million from user’s private wallets. Blockchain security firm SlowMist blew the whistle after it discovered that some hackers managed to penetrate in

$5 Million Drained From ZB.com – The Self-Proclaimed “World’s Most Secure Exchange”

$5 Million Drained From ZB.com – The Self-Proclaimed “World’s Most Secure Exchange”

In a recent development, the ZB.com exchange came under attack from a group of hackers. The details of the incident reported indicate that the main wallet of the Asian exchange was attacked and got lighter by an estimated $4.8 million worth of cryptocurrencies, or 2,224 Ether, to

Cryptocurrency License in Estonia: Recommendations

Cryptocurrency License in Estonia: Recommendations

Recently, there were discussions regarding Estonia’s new law on cryptocurrency, the revocation of 500 crypto licenses in Estonia, and companies are exiting from Estonian regulatory jurisdiction. This month will be dedicated to the topic of how not to lose the cryptocurrency license in Estonia. It will consist of 4

Fantastic Scam Chronicles – A Look At OneCoin, Thodex, PudgyPenguins and SquidGame Token

Fantastic Scam Chronicles – A Look At OneCoin, Thodex, PudgyPenguins and SquidGame Token

The list of scams is long and horrifying to read, but some degenerates truly stand out for their deviousness and ingenuity. That sad lineup includes such wretches as OneCoin, Thodex, PudgyPenguins and the SquidGame Token. This foursome of thieves will be the subject of our today’s review article. Brace

Tesla sold 75% of its Bitcoin reserve: what does it mean for the crypto industry?

Tesla sold 75% of its Bitcoin reserve: what does it mean for the crypto industry?

On July 27, 2022, Tesla Motors sold more than 70% of its Bitcoin holdings. It helps them convert almost 1 billion dollars ($936 thousand) in less than one week. So now the company will have more money to produce and market new cars. Elon Musk is widely known as a

Coinbase faces SEC probes: should we wait for more restrictions in 2022?

Coinbase faces SEC probes: should we wait for more restrictions in 2022?

The US Securities and Exchange Commission received new anonymous insights that led to the new Coinbase agency`s investigation. At the current time, this platform trades more than 159 crypto tokens. If those products were deemed securities, the firm would need to register as an exchange with the SEC. But

Latest Breaking Crypto News: $2 million investment from a UK bank, Coinbase and SEC fights, bitcoin’s fall because of Elon Musk, and an explanation of AML rules.

Latest Breaking Crypto News: $2 million investment from a UK bank, Coinbase and SEC fights, bitcoin’s fall because of Elon Musk, and an explanation of AML rules.

Hi! To keep you up to date with all the latest news, but without wasting a lot of time, we’ve collected a quick round-up of the week’s highlights. SEC accuses ex-Coinbase manager of the abuse of power, the crypto service help them in the investigation The SEC is

What are AML Regulations for Cryptocurrency?

What are AML Regulations for Cryptocurrency?

The role of cryptocurrency exchanges in the global financial system continues to increase. However, the anonymous nature of these transactions poses a risk to financial markets, since they facilitate the movement of funds generated by criminal activity. Most cryptocurrency exchanges now enforce Anti-Money Laundering (AML) regulations for this reason. Investing

How the FATF Will Regulate Crypto

How the FATF Will Regulate Crypto

The intergovernmental body, Financial Action Task Force (FATF), has been combating global money laundering since 1989. Beginning in 2018, FATF made efforts to level the playing field in the cryptocurrency and virtual asset service provider (VASP) spaces. The FATF standards will look to apply similar safeguards to virtual assets (VAs)

Binance’s New Era in Europe. The Spanish subsidiary is recognized by VASP.

Binance’s New Era in Europe. The Spanish subsidiary is recognized by VASP.

Binance Moon Tech Spain, S.L. are officially considered VASP – the decision of the National Bank of Spain. Following France and Italy, the Bank of Spain has officially registered its Spanish subsidiary Binance Moon Tech Spain, S.L., as a VASP. The registration signifies that the Bank of Spain has

Latest Breaking Crypto News: $8M Theft, Binance Expansion, How To Choose an Exchange, and more. What have you missed in a week?

Latest Breaking Crypto News: $8M Theft, Binance Expansion, How To Choose an Exchange, and more. What have you missed in a week?

Hey! We know that you are struggling with knowledge and the breaking news! We bring you the latest news and the biggest surveys, published this week, so you can save your time! Binance continues its expansion in the European market Binance doesn’t quit attempts to become the most fast-growing

Uniswap Liquidity Providers Hit for $8.6M in Phishing Scam

Uniswap Liquidity Providers Hit for $8.6M in Phishing Scam

This Monday (July, 11) Uniswap liquidity providers have fallen victim to a phishing attack. That resulted in $8,6 million losses worth in different crypto assets. Hacker targeted more than 7 000 Ethereum addresses. They tricked victims into approving malicious transactions by a fake UNI airdrop link on a website

P2P Trading Scams

P2P Trading Scams

n AMLBot, we receive many investigation requests regarding scams in P2P trading. So we decided to share a real case to demonstrate how one of the most common fraud schemes works. Usually, it has three sides participating in the scheme: the victim, the scammer, and the exchanger. Story description Our

New AML rules

🇪🇺 Meet our digest on new rules to stop illicit crypto flows in the EU 🇪🇺 The EU has reached a deal on the new AML rules, which has great importance for the crypto market. The negotiations’ focus was on handling transfers from CASPs (Crypto Asset Services Providers, e.g. exchangers) to/

Collapse of the Terra Ecosystem

Collapse of the Terra Ecosystem

As many of you know, TerraUSD (UST), an algorithmic “stablecoin” created by Terraform Labs, crashed this week. Designed to maintain a peg to the US dollar, the value of 1 UST fell from $1 to a low of only $0.0004699, resulting in billions of dollars in losses to UST