Category: Security
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[MAS] Purpose Bound Money: A New Paradigm of Value Transfer 💸🔗
Utility of digital money is on the rise and can exist in multiple forms (central bank digital currencies, stablecoins, tokenized deposits, and liabilities). Those issued on a blockchain offer the promise of programmability and greater functionality in value transfer for end-users. Purpose Bound Money (PBM) 💰, a version of programmable money, may find product market… Read more
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[Crystal Intelligence] Adolescent Anarchy:Thirteen Years of Crypto Crimes Unveiled
Even with improved and enhanced monitoring and reporting mechanisms, illegal activity on the blockchain has continued to grow in 2023 and 2024. Since Crystal Intelligence released its 2022/2023 Crypto & DeFi Hacks & Scams Report, our research team detected 324 reports of crypto theft worth nearly $2.8B from February 24, 2023, to March 06, 2024.… Read more
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[EY] Gaining Ground: how institutional investors plan to approach digital assets in 2024
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[ELLIPTIC] AI-enabled Crime in the Cryptoasset Ecosystem
Exploring Emerging Risks and Trends in Cryptocurrency and Artificial Intelligence The rise of Artificial Intelligence (AI) has shown the potential to drive significant and beneficial innovations across various industries, particularly in the cryptocurrency asset space. This report identifies five emerging types of AI-driven crime in the cryptocurrency ecosystem: Read more
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[Request Finance] The Ultimate Web3 CFO guide
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[TRM] 🔍Exploring the Russian-speaking Illicit Crypto Ecosystem 🚨
From ransomware groups to illicit marketplace operators, Russian-speaking threat actors have become a significant force in international crypto crime. 🌐💻 🔐 Ransomware: This type of malicious software encrypts a victim’s files or data, making them inaccessible. The attacker demands a ransom, usually in cryptocurrency, for the decryption key. Ransomware has become a serious threat to… Read more
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U.S. Department of the Treasury: 2024 National Strategy for Combating Terrorist and Other Illicit Financing
Outreach to the industry to ensure that VASPs engaged in money transmission and business activities in the United States are registered and comply with all AML/CFT requirements and sanctions obligations. Hold financial institutions accountable that fail to meet AML/CFT requirements and sanctions obligations. Cooperate with foreign jurisdictions that have weak or non-existent AML/CFT regimes for… Read more
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[HACKEN] Web3 Security Report | 2024 Q2
📉 Reduction in Hacks: Q2 2024 saw a significant decrease in the number of crypto hacks compared to Q1, indicating a potentially positive trend in security. 📈 Increase in Financial Losses: Despite fewer hacks, the total amount of funds lost in Q2 2024 nearly matched the total losses for all of 2023, suggesting that the… Read more