This report is powered by Coinfirm’s AMLTteam: a recognised leader ranked in the top three regtech companies worldwide.
Each month, AMLT highlight a few addresses that over the previous month have acquired large amounts of cryptocurrency through nefarious actions such as ransomware, scams, hacks and other types of fraud. By making these addresses publicly known and further integrating the Coinfirm AML Platform and AMLT Network, we can help make the cryptocurrency economy safer, more transparent, and grow.
1. Crowd Machine (CMCT) Token hack
A hacker compromised a wallet of Crowd Machine and stole 1,156,690,769.2 CMCT tokens worth almost $3.5 M. The outgoing transactions from hacker address shows that the tokens were immediately moved to major cryptocurrency exchanges.
As visible in the Coinfirm AML Risk Report below, the address was flagged and and used to identified the address so that any entity using the Coinfirm AML Platform can know if funds they’re receiving or sending out are tied to this particular hacker.
To read the complete response from Crowd Machine click here
2. Paid Scam Twitter Ads Using Twitter and Crypto Brands like Coinbase for Fraud
Twitter has and will continute to be a central point of unique types of identity theft, phishing, and various types of fraud. Reported to us by an AMLT Network Member, this one is particularly interesting as here is a new type of scam going on Twitter right now that is using “legitimate” twitter ads coupled with major cryptocurrency brands such as Coinbase to use the legitimacy of these brands and gain more attention.
Above you can also see the payment gateway leading to the address to pay in. Obviously your funds will not be returned. The Network Member who provided the data provided the address along with the above screenshots and appropriate flags in the AMLT Network Panel. After being analyzed for correctness the data was implemented into the Coinfirm AML Platform, allowing any entity using the Platform to now see where the funds potentially entering their exchange or ecosystem come from and freeze or return them as necessary. Below you can see how the address is now reflected in the Coinfirm AML Risk Report with new identifiers, elevated risk rating and the appropriate flags(flags not visible). A global Network such as AMLT coupled with the Coinfirm AML Platform can not only prevent these actors from being able to use the funds but also help remove their initial incentive to do the action in the first place.
You can find our previous Alerts here
3. Extortion/Blackmail Email scams
We’ve had another type of extortion email scam making the rounds that was reported to the AMLT team. Below you have a screen shot of the extortion email as well as our AML Risk Report for it.
Below you have a screen shot of the extortion email as well as our AML Risk Reportfor it.