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Chainalysis, the blockchain analysis company, announced its partnership with Paxful, a global, peer-to-peer (P2P) Bitcoin marketplace, which is raising the bar for compliance standards for P2P exchanges. Paxful uses Chainalysis KYT (Know Your Transaction) to monitor its platform’s cryptocurrency transactions in real-time and Chainalysis Reactor to build investigations when it detects suspicious activity. Together, these tools amplify Paxful’s compliance expertise and sets a new compliance benchmark for P2P cryptocurrency exchanges globally. Previously, Chainalysis considered all...

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Chainalysis, the blockchain analysis company, today announced the successful deployment of its investigations solution, Chainalysis Reactor, with Bithumb, a leading South Korean cryptocurrency exchange. Bithumb will use Chainalysis Reactor to investigate suspicious activity and establish a more secure, robust platform for its users following the South Korean National Assembly’s vote last week in favor of amending the Special Financial Transactions Information Act, effectively creating a framework for the country’s cryptocurrency industry. “Chainalysis is committed to helping our...

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Chainalysis, the blockchain analysis company, today announced the integration of Chainalysis Reactor investigation software with BITPoint Japan (BITPoint), a Japan-based cryptocurrency exchange, to identify and trace funds and provide comprehensive investigation support across multiple cryptocurrencies. Following a large hack of BITPoint’s exchange in July 2019 that resulted in $28 million worth of cryptocurrency stolen, BITPoint used Chainalysis Reactor to identify the stolen funds by tracing over one million transfers to their cashout destinations. Once located,...

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Chainalysis, the blockchain analysis company, completed a global roll-out of its anti-money laundering compliance solution with Bitfinex, the full-featured trading platform for major digital assets and cryptocurrencies, to detect and prevent money laundering and illicit activity across multiple cryptocurrencies. This comes at a time when establishing proper compliance procedures is more critical than ever, as jurisdictions around the world scrutinize the cryptocurrency industry. “Bitfinex is known as a destination for cryptocurrency traders seeking liquidity across...

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Chainalysis, the blockchain analysis company, today announced the launch of suspicious cryptocurrency transaction alerts in Chainalysis Know Your Transaction (KYT), the real-time anti-money laundering (AML) compliance solution for monitoring cryptocurrency transactions. It is the first compliance alerts solution available across 15 cryptocurrencies. Chainalysis KYT alerts are designed to help cryptocurrency businesses and financial institutions mitigate exposure to regulatory and reputational risk by helping compliance teams focus on the most urgent activity and enforce compliance policies...

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