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Discover how KPMG Canada's strategic partnership with Chainalysis aims to enhance cryptoasset fraud detection and prevention, advancing forensic investigations. #KPMG #chainalysis https://blockchainreporter.net/kpmg-canada-and-chainalysis-forge-alliance-to-tackle-cryptoasset-fraud/
Discover how KPMG Canada's strategic partnership with Chainalysis aims to enhance cryptoasset fraud detection and prevention, advancing forensic investigations.

#KPMG #chainalysis

https://blockchainreporter.net/kpmg-canada-and-chainalysis-forge-alliance-to-tackle-cryptoasset-fraud/
The Dark Side of AI: How It Boosts Crypto FraudThe cryptocurrency industry remains an attractive target for cybercrime. Chainalysis’ “The 2024 Crypto Crime Report” shows a decline in cryptocurrency-related criminal activity. The amount of digital assets received at illegal addresses fell to $24.2 billion last year, compared to $39.6 billion recorded in 2022. However, not everything is as good as it seems at first glance. Analysts’ data indicate the growth of darknet market revenues and frauds related to novels. We will discuss this and other report highlights in today’s article. The Growth Of the Darknet Market Profits earned through darknet marketplaces totaled at least $1.7 billion in 2023, up from 2022, when the government shut down the world’s largest darknet marketplace, Hydra. While no marketplace has taken Hydra’s place, the report found that smaller markets thrive by serving specific niches and developing more “specialized areas.” Analysts note that the Mega Darknet market is leading the way with more than $500 billion in cryptocurrency inflows. However, the revenues generated by darknet markets have not yet returned to the peak levels seen in the Hydra era. “We expect law enforcement agencies to continue to investigate and dismantle darknet markets, especially given that many offer fentanyl products for sale.” the report notes. Funding of Criminal Organizations Chainalysis analysts note that assessing terrorist financing is extremely important, but also challenging. The use of cryptocurrencies by criminal organizations accounts for a small share of illegal transactions, but this issue is a constant concern. The ability to trace transactions makes cryptocurrencies a less favorable tool for financing the activities of illegal groups. A comprehensive approach that includes not only intelligence but also regulatory and ethical considerations, as well as factual accuracy and due diligence, is essential. Cryptocurrency exchanges also play an important role in this regard. They have a strict anti-money laundering policy and actively comply with the requirements of the Financial Action Task Force on Money Laundering (FATF). The report also describes how terrorist organizations use cryptocurrency transactions. It notes that financial companies have become key intermediaries for illegal cryptocurrency transactions for groups such as Hezbollah. “Government agencies with access to off-chain intelligence are more likely to detect these activities, and can leverage blockchain analysis tools to further investigate these financial flows,” wrote Chainalysis. Scale of Crypto-Romance Fraud The report says that income from thefts decreased by 29.2%, but fraud tactics related to romantic relationships are becoming more common. “This is especially concerning when we factor in that romance scams have the worst impact on victims of all scam types, based on average payment size,” Chainalysis wrote. The company’s data shows that the average payout in romance scams was $4,593. Given that victims often make multiple payments to the same address, the average loss per victim is usually much higher. Artificial Intelligence As a New Tool For Crypto Fraud According to Cryptonews, Eric Jardine, head of cybercrime research at Chainalysis, summarized the growth and decline of illegal blockchain activity in 2023 and predicted what tactics criminals will use next. He noted that discussions are already underway on how new technologies can affect cryptocurrency crime, especially large language models (LLMs). Artificial intelligence could have threatening implications for romance fraud, also known as “pig butchering scams”. They start with seemingly innocent contacts that then develop into fabricated relationships that the fraudster uses to gain financial gain. While artificial intelligence benefits the crypto industry, it can also be a dangerous tool. Romantic fraud is not the only thing that AI can threaten. There have already been cases when documents created by artificial intelligence bypassed KYC checks. Such situations not only cause security problems but also create new “opportunities” for fraudsters. Moreover, the creation of deepfakes by artificial intelligence has long been a serious problem. There have been numerous cases when thieves used deepfakes to steal user funds. Therefore, even with all the advantages of integrating AI and blockchain, one should be vigilant and not forget about the downside. Summary Even though the Chainalysis report showed a decrease in criminal activity, the situation is still not safe. After all, despite the decline, revenues from darknet and romance fraud continue to flourish. In addition, a new danger for cryptocurrency users is the growing threat from artificial intelligence. Despite the positive developments in reducing cryptocurrency crime, several problems and threats remain relevant to the industry. #chainalysis #AISecurity #ArtificialInteligence

The Dark Side of AI: How It Boosts Crypto Fraud

The cryptocurrency industry remains an attractive target for cybercrime. Chainalysis’ “The 2024 Crypto Crime Report” shows a decline in cryptocurrency-related criminal activity. The amount of digital assets received at illegal addresses fell to $24.2 billion last year, compared to $39.6 billion recorded in 2022.
However, not everything is as good as it seems at first glance. Analysts’ data indicate the growth of darknet market revenues and frauds related to novels. We will discuss this and other report highlights in today’s article.
The Growth Of the Darknet Market
Profits earned through darknet marketplaces totaled at least $1.7 billion in 2023, up from 2022, when the government shut down the world’s largest darknet marketplace, Hydra. While no marketplace has taken Hydra’s place, the report found that smaller markets thrive by serving specific niches and developing more “specialized areas.”
Analysts note that the Mega Darknet market is leading the way with more than $500 billion in cryptocurrency inflows. However, the revenues generated by darknet markets have not yet returned to the peak levels seen in the Hydra era.
“We expect law enforcement agencies to continue to investigate and dismantle darknet markets, especially given that many offer fentanyl products for sale.” the report notes.
Funding of Criminal Organizations
Chainalysis analysts note that assessing terrorist financing is extremely important, but also challenging. The use of cryptocurrencies by criminal organizations accounts for a small share of illegal transactions, but this issue is a constant concern.
The ability to trace transactions makes cryptocurrencies a less favorable tool for financing the activities of illegal groups.
A comprehensive approach that includes not only intelligence but also regulatory and ethical considerations, as well as factual accuracy and due diligence, is essential. Cryptocurrency exchanges also play an important role in this regard. They have a strict anti-money laundering policy and actively comply with the requirements of the Financial Action Task Force on Money Laundering (FATF).
The report also describes how terrorist organizations use cryptocurrency transactions. It notes that financial companies have become key intermediaries for illegal cryptocurrency transactions for groups such as Hezbollah.
“Government agencies with access to off-chain intelligence are more likely to detect these activities, and can leverage blockchain analysis tools to further investigate these financial flows,” wrote Chainalysis.
Scale of Crypto-Romance Fraud
The report says that income from thefts decreased by 29.2%, but fraud tactics related to romantic relationships are becoming more common.
“This is especially concerning when we factor in that romance scams have the worst impact on victims of all scam types, based on average payment size,” Chainalysis wrote.
The company’s data shows that the average payout in romance scams was $4,593. Given that victims often make multiple payments to the same address, the average loss per victim is usually much higher.
Artificial Intelligence As a New Tool For Crypto Fraud
According to Cryptonews, Eric Jardine, head of cybercrime research at Chainalysis, summarized the growth and decline of illegal blockchain activity in 2023 and predicted what tactics criminals will use next.
He noted that discussions are already underway on how new technologies can affect cryptocurrency crime, especially large language models (LLMs).
Artificial intelligence could have threatening implications for romance fraud, also known as “pig butchering scams”. They start with seemingly innocent contacts that then develop into fabricated relationships that the fraudster uses to gain financial gain.
While artificial intelligence benefits the crypto industry, it can also be a dangerous tool. Romantic fraud is not the only thing that AI can threaten. There have already been cases when documents created by artificial intelligence bypassed KYC checks. Such situations not only cause security problems but also create new “opportunities” for fraudsters.
Moreover, the creation of deepfakes by artificial intelligence has long been a serious problem. There have been numerous cases when thieves used deepfakes to steal user funds. Therefore, even with all the advantages of integrating AI and blockchain, one should be vigilant and not forget about the downside.
Summary
Even though the Chainalysis report showed a decrease in criminal activity, the situation is still not safe. After all, despite the decline, revenues from darknet and romance fraud continue to flourish. In addition, a new danger for cryptocurrency users is the growing threat from artificial intelligence. Despite the positive developments in reducing cryptocurrency crime, several problems and threats remain relevant to the industry.
#chainalysis #AISecurity #ArtificialInteligence
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Crypto Crime on the Rise CryptoXhop Investigates Chainalysis Report Yo CryptoXhop Fam, A recent report by Chainalysis paints a concerning picture: illicit activity involving cryptocurrency has surpassed $2 billion in 2024 so far. This highlights the need for vigilance and responsible use of crypto. Chainalysis Report Breakdown: The report estimates over $2 billion in crypto transactions linked to ransomware attacks and theft. This represents a significant increase compared to previous years. Ransomware attacks are a major concern, with attackers demanding crypto payments for stolen data. CryptoXhop's Perspective: While crypto offers many benefits, it's important to be aware of the risks. Here's what you can do: Secure Your Crypto: Use strong passwords, multi-factor authentication, and reputable wallets to protect your holdings. Be Wary of Scams: Don't invest in projects with unrealistic promises or engage with suspicious links. Research Before You Transact: Understand who you're sending crypto to and avoid anonymous exchanges. The Future of Crypto and Security: The crypto industry is working on solutions to combat illicit activity. These include: Collaboration with Law Enforcement: Increased cooperation can help track and prevent criminal activity. Adoption of KYC/AML Regulations: Implementing Know Your Customer (KYC) and Anti-Money Laundering (AML) practices can deter criminals. What are your thoughts on the rise of crypto-related crime? Share your insights and safety tips in the comments! #write2Earn #MarketDownturn #AirdropGuide #chainalysis #cryptoxhop $BTC $ETH {spot}(ETHUSDT) $BNB {spot}(BNBUSDT) Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Crypto Crime on the Rise CryptoXhop Investigates Chainalysis Report

Yo CryptoXhop Fam,
A recent report by Chainalysis paints a concerning picture: illicit activity involving cryptocurrency has surpassed $2 billion in 2024 so far. This highlights the need for vigilance and responsible use of crypto.

Chainalysis Report Breakdown:
The report estimates over $2 billion in crypto transactions linked to ransomware attacks and theft.

This represents a significant increase compared to previous years.

Ransomware attacks are a major concern, with attackers demanding crypto payments for stolen data.

CryptoXhop's Perspective:
While crypto offers many benefits, it's important to be aware of the risks.

Here's what you can do:
Secure Your Crypto: Use strong passwords, multi-factor authentication, and reputable wallets to protect your holdings.

Be Wary of Scams: Don't invest in projects with unrealistic promises or engage with suspicious links.

Research Before You Transact: Understand who you're sending crypto to and avoid anonymous exchanges.

The Future of Crypto and Security:
The crypto industry is working on solutions to combat illicit activity.

These include:
Collaboration with Law Enforcement: Increased cooperation can help track and prevent criminal activity.

Adoption of KYC/AML Regulations: Implementing Know Your Customer (KYC) and Anti-Money Laundering (AML) practices can deter criminals.

What are your thoughts on the rise of crypto-related crime?

Share your insights and safety tips in the comments!

#write2Earn #MarketDownturn #AirdropGuide #chainalysis #cryptoxhop
$BTC $ETH

$BNB

Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
JPMorgan CEO Jamie Dimon Calls for Crypto Industry Shutdown. 🪙🤯🤥 During the annual banking oversight hearing, JPMorgan CEO Jamie Dimon expressed his desire to "close down" the entire crypto industry.* CEOs from major banks, including Morgan Stanley, Goldman Sachs, Bank of America, and BNY Mellon, joined Dimon to discuss the effectiveness of the banking industry in serving Americans. Senator Elizabeth Warren, a vocal critic of the banking industry, found common ground with Dimon on the topic of cryptocurrencies, citing their use in illicit transactions and funding dangerous criminal activities. Warren referred to a Chainalysis report estimating over $23 billion in cryptocurrency laundering in 2022, though a mid-year report in July 2023 showed a 65% decrease in illicit crypto activities. Dimon acknowledged the association of crypto with criminal activities, citing anonymity and instant money transfer as attractive features for criminals. Despite Dimon's strong stance against crypto, JPMorgan has ventured into the blockchain space with initiatives like the corporate stablecoin, JPM Coin, and the blockchain platform, Onyx. Warren questioned all witnesses, including Dimon, about the need for crypto companies to adhere to the same anti-money laundering rules as traditional banks. All eight banking representatives, including Dimon, unanimously agreed that crypto companies facilitating financial transactions should follow anti-money laundering rules. #JPMorgan #JPM #JamieDimon #chainalysis
JPMorgan CEO Jamie Dimon Calls for Crypto Industry Shutdown. 🪙🤯🤥

During the annual banking oversight hearing, JPMorgan CEO Jamie Dimon expressed his desire to "close down" the entire crypto industry.*

CEOs from major banks, including Morgan Stanley, Goldman Sachs, Bank of America, and BNY Mellon, joined Dimon to discuss the effectiveness of the banking industry in serving Americans.

Senator Elizabeth Warren, a vocal critic of the banking industry, found common ground with Dimon on the topic of cryptocurrencies, citing their use in illicit transactions and funding dangerous criminal activities.

Warren referred to a Chainalysis report estimating over $23 billion in cryptocurrency laundering in 2022, though a mid-year report in July 2023 showed a 65% decrease in illicit crypto activities.

Dimon acknowledged the association of crypto with criminal activities, citing anonymity and instant money transfer as attractive features for criminals.

Despite Dimon's strong stance against crypto, JPMorgan has ventured into the blockchain space with initiatives like the corporate stablecoin, JPM Coin, and the blockchain platform, Onyx.

Warren questioned all witnesses, including Dimon, about the need for crypto companies to adhere to the same anti-money laundering rules as traditional banks.

All eight banking representatives, including Dimon, unanimously agreed that crypto companies facilitating financial transactions should follow anti-money laundering rules.

#JPMorgan #JPM #JamieDimon #chainalysis
DappBay: Red Alarm dApp Risk-List Disclaimer: The information provided through the BNB Chain community does not constitute advice or recommendation for investment or trading. Projects are listed in no particular order below. BNB Chain does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks. The Red Alarm list highlights risky dApps on BNB Chain. The dApps on the Red Alarm list are assigned a significant or high-risk level and range from rug pulls to scams. In most cases, a risky dApp’s contract performs differently from what the dApp advertises. When dApp users interact with risky contracts, they are at risk of losing all their funds. The Red Alarm list is updated every Friday on DappBay to include new risky projects and decentralized applications. With an increasing number of dApps on the Red Alarm list, users can sort dApps by category, date listed on Red Alarm, and highest number of users. The list of 105 dApps and fake tokens on Red Alarm for Friday 17th Feb 2023 features SNGame, Mythic Ore, MOON, HOPE, Cat, Okami XXII, BNBURN and more. dApp/Token Reason Contract OKAMI XXII Threat Intelligence 0xFf902383029CA0ffD1024E5f880fb3CA2b7D4B22 BNBURN Threat Intelligence 0xd2899A2b9b6B526C62bdF851513B6C85b6538c94 Insafe Token Threat Intelligence 0x35E4EFa6f4f00478Cb9e391F0894f48A7A02a583 Zero Token Threat Intelligence 0x81058db5c2Cf219aB8fecD850b3067d08216467D ShieldToken Threat Intelligence 0xfDdac426a674856F338566d2e75388c2489FD512 ExtraToken Threat Intelligence 0xEE4Af49d4cd8B8Ea77875bACE4e6787d5CD11D54 BabyRabbit Fake token 0x03ddEe27D1c6D6E556d567a96F12D1f1c1f1B476 Meta Rewards Token Fake token 0x0417F1508bdb0091C389e339880524af93C696f5 Billion Happiness Fake token 0x056d23D5A12fCA26143Da3491BD0ae0A9ab5aa6D Lambda Fake token 0x08310438f16Ec1C73B260dEf8022926dEacd8f74 KITTYSHIBA Fake token 0x0A89a180017189332AE746E007e5457500A42B68 Fight Win Ai Fake token 0x0DFDd7EC326402972416605c58017b73566BD820 OSK Fake token 0x0ec14Fc97070A622c967B3D01e8E5fB89243e758 SEED Fake token 0x0F3E4b9206D8fEBBb6ed22c4E18aCAB2Ba886836 HOPE Fake token 0x109A5446787B83bfd9fcD13b88e6Cd280ef8319c ValuableCoins Fake token 0x1132205ea4271DD84735F766d3385a1Ee0dA45e7 BLOCKOMBAT Fake token 0x133cecaA7b16b870CAE839096Bf2c5F9071bBC4f Fight Win Ai Fake token 0x1490Cb12A261B7aC2CBbf6ED6a12eA18e6b8dF4E MATE Fake token 0x1751c4a4cdCDcD6772dA4b480eF5bCFc6cD4eE73 Neural AI Fake token 0x1900A9a2b6532411A5da8272fE2F9396796EbfE8 Fight Win Ai Fake token 0x1a4750bBac87a64902Fa68D27557f70625845D3a Fight Win Ai Fake token 0x22b1ea0438C08EB998735Fbc3C489aBfE95b55C1 BELDEX Fake token 0x22e87b3784713d17E3910AE41153d7CA292f5b35 OSK Fake token 0x293F1954C8f851A274811d396BB52eaDcD503189 LoopNetwork Fake token 0x2CffB5B63505A089fcC26B9Ac338eA495D51038e DOGGY Fake token 0x3098Ad4338EeC101ba28eb4e90272499D905650E Billion Happiness Fake token 0x35951903e56e028996FCe04E04576f5EB1C03532 TNC COIN Fake token 0x39611A6085F1B76a7dCCBd3fef3D8d890347Ae31 BullDoge Chain Fake token 0x3b00Ac2d40Df03bBdEA0F422Dbfd0B4Edc1BB61c Starship Fake token 0x3C1d469EECb5010BA3b661337f0F8CB69913BDBF IOTEN Fake token 0x3E9125515cDBC68C284dA9eF52B9a33cc6D8145E FLOKI Fake token 0x42557b88A56515e361c0FA064B45cFC3eb3Ed0b6 KOINSWAP Fake token 0x43D916A0A2644211b10D3EF14D8eeB81c739dC17 Genie AI Fake token 0x451d595c99b0e57e7cACBE9c68De6904aEC24Bd0 MultiversX Fake token 0x45DDE5DdB23314ff31d5CA357CDb54e8aB413041 DOVU Fake token 0x461C3B286D2CCBe862733EE80E4F4a1634682F69 HOPE Fake token 0x49626ca94895cFC7A9C6f611DB0566B46F259a2D DEFICHAIN Fake token 0x4C6f92fE2006CDbE237D296e3858196CF4d38bC2 MAKER Fake token 0x4db4cb6463D0E8E791430AC062c4D214e10A9745 ZAP Fake token 0x4f27bc40e2F0F038Fd20a20946373Ae3f00d8461 LunaGens Fake token 0x508cd939fdb22891297f7592f8D409bc8B9380E9 WIKI CAT Fake token 0x5495A131b3A19C3E3Fc18B367b8ED4bc66f7a58f DOGEZILLA Fake token 0x54Ec9323B3936d74a05D73A44cC6f95102f295cE MetaWorld Fake token 0x56989c4bDCd748B738E27f2355A5d977e228E806 DigimonWarGreymon Fake token 0x593379aC5f1397bc92c77aCDE15A536835a3682d Hare Fake token 0x5eed5D7AA345ad728d1714825bea640f004bB93D OSK Fake token 0x64326C329f4C9a08AB237a55eadE4ACB202421ce Baby Doge Coin Fake token 0x653752b39550c5Bf55d613DF2b4618141D922D95 PetSneaker Fake token 0x6610B93816E94B52b3D91958E887fD69Bbb85BEA Cat Fake token 0x6627b0f9b0848AE1bD7Db23834A19abaa33B3cC3 TROY Fake token 0x69751825Ec6871c5577CfB903e401C00eE82AC74 TROY Fake token 0x6d41F64C567acbF36f88763306fF6fB50fF61458 HOPE Fake token 0x6eE92aedB18bd1008208BA186D3EBa761139544e ZAT Project Fake token 0x6f41D8845003366655be5bA638DD89AA852968a6 NFTBOOKS Fake token 0x6fc98cF55336170F5d5559C1038331F998FE5829 Mdex Fake token 0x70Bdf5Df13FC4b59a3801695Aba68ddB40dc8FCB GYM AI Fake token 0x76373B7532fa4Ae7070707Ec47E2F6E1C398282D Shirtum Fake token 0x7892666a0E092bD5da53208654bFBee2144A60a0 Compound Fake token 0x78EA869C001eB32b8B1F186d83560537899849cE FROGGIES Fake token 0x805F31f36DfE36838fc8bebb8b41b68a833e0536 iSTEP Fake token 0x82005F4475Ce641959a6d1AC21CBD8c8b5cf690A BLOCKOMBAT Fake token 0x836619cF5480282cB8e09028300F2b0577140FB9 OSK Fake token 0x858D727C4064eeFE110241e61351385d9c5e8578 SingMe Fake token 0x867417fC24dafA8DD7148A549129dc8784ee328c MIST Fake token 0x873BcD64Cc3f19D5811B734f25E8f5cd35D13847 Neural AI Fake token 0x90184f623a84359cd210c9Aa48814f6b0D047Ad5 Nelore Coin Fake token 0x93Adfdf31BA49CB1B0E2c5c93701f6Af52095135 MATE Fake token 0x9538EB9e3C7fd2c44b84E92E2495eBDa37da462D Freedom Gold Fake token 0x9540371daB133C9F47BB601995353bEEFE416e54 AIon Mars Fake token 0x95B51697bC01cE11bFB39b779499cBe0Ab0317fE BITCOIN CASH Fake token 0x98eF559e17Ea51d9735458cA17DF2De57c87D48f Meta Fake token 0x9A2D0863D18d51c55201B22A3Ff29C2269088f49 Tether Fake token 0x9B80d07987276e146281Dad948162E45238C2B82 AIon Mars Fake token 0x9bde9ED8E78a39D3d470a8015dE18E965DcAE341 Billion Happiness Fake token 0x9c58061aDb025d22406DF6436a306d14Aea2EE02 Space Token Fake token 0x9E1170c12FDDd3B00FEc42ddF4C942565D9Be577 AndaGold Fake token 0x9E957012484244AE879d6E3F93cd27AB2fE42ef7 Floki Fake token 0xA1CE9eD4f9D7afF02bA18059E2c2605eF9C9C594 NEXT Fake token 0xA3EDCf0877D11F0b8bb4641651a40F5189762E6D GYM AI Fake token 0xA7AB96c5D7D034Bec8bE2B496349457f73572225 PetsHelp Coin Fake token 0xa7eF51C19eA2677d64a203Fb6b39Dcc5bC0BF458 MetaShooter Fake token 0xA8167a4C226d6bAF5361F0C50d1a169F7Cdde00E ONYXCOIN Fake token 0xaF9A53AD602D536F20087d2eEc229B0c29f3cEFD ONYXCOIN Fake token 0xaF9A53AD602D536F20087d2eEc229B0c29f3cEFD Crypto Media Network Fake token 0xB502E89b8ab5E37F06DaD15984286E18FAD81B7E DAI Fake token 0xb9532cBca6e83d7C1DA43a1Ea79e3A188766B862 Hamster Fake token 0xba1f6D44CA70b16B9F799F3287Cfc81C6EA12b48 OSK Fake token 0xbf61D8AA81F6c4b51B221A3220A336E2e61A8782 Tether Fake token 0xc163Bf581ca4D7D89fcA40fcd14a52F8a52Be66a Hush Fake token 0xc63E3486e566cB6b312395D51c10D2FeFAD89564 SkyLands Fake token 0xc7AF558b40aD0d9b8214Fcd3F7B2738E6EfB84Ef Tether Fake token 0xD4FB0d021e819F78fCD6ad3a095E981d1E90aD42 MetaWorld Fake token 0xD539A96cd867065C73B0f63eB4C947f120dd7a58 Neural AI Fake token 0xD540F4caa1a666236e45a10DCDD7Bb29EE6F56C2 Arabian Doge Fake token 0xDdbb7D657B22746d8aA4Bfe6a6FFa9a12E0817A1 Bull inu Fake token 0xE72640c6D6c6F6Dedbc6C118304D3436DA3f6Ce7 AIon Mars Fake token 0xE79591034026f195CA7d19fb888E431f5F798e06 Dogecoin Fake token 0xE98093Cd4a2875Ed42145D6c9cFe3963B42c8cAB MetaDogeSwap Fake token 0xEB07Abf5c04072170c669fA1A26479502BfCC33E HOPE Fake token 0xeb7d4354FbF70c74B9A9dfCFe84126441a4a87ec HOPE Fake token 0xEfa2196A176679E94Ab91D3b3ebF8b91a4ab28a2 Fight Win Ai Fake token 0xf145bBBc96dbC5F1272083a949e494d5C749cA58 MOON Fake token 0xfc861D25c60a0ec3DD6a5ee9479cDA82993e14b6 SNGame Unverified Contract 0xB250E9B5565BE5B5AD63486f65aB922C5Bd0bF86 Mythic Ore Unverified Contract 0xada0b05281daabbbe0197f7fd58e51a76367334f Find BNB Chain dApps securely, access the latest dApp rankings, campaigns, and rewards on DappBay. We advise you to act with caution in general, but ask that you to take particular care when dealing with the projects we highlight as risky on our weekly update. We want you to continue enjoying our ecosystem and most importantly, stay SAFU! #Binance #BNB #chain #chainalysis #crypto2023

DappBay: Red Alarm dApp Risk-List

Disclaimer: The information provided through the BNB Chain community does not constitute advice or recommendation for investment or trading. Projects are listed in no particular order below. BNB Chain does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.

The Red Alarm list highlights risky dApps on BNB Chain. The dApps on the Red Alarm list are assigned a significant or high-risk level and range from rug pulls to scams.

In most cases, a risky dApp’s contract performs differently from what the dApp advertises. When dApp users interact with risky contracts, they are at risk of losing all their funds.

The Red Alarm list is updated every Friday on DappBay to include new risky projects and decentralized applications. With an increasing number of dApps on the Red Alarm list, users can sort dApps by category, date listed on Red Alarm, and highest number of users.

The list of 105 dApps and fake tokens on Red Alarm for Friday 17th Feb 2023 features SNGame, Mythic Ore, MOON, HOPE, Cat, Okami XXII, BNBURN and more.

dApp/Token

Reason

Contract

OKAMI XXII

Threat Intelligence

0xFf902383029CA0ffD1024E5f880fb3CA2b7D4B22

BNBURN

Threat Intelligence

0xd2899A2b9b6B526C62bdF851513B6C85b6538c94

Insafe Token

Threat Intelligence

0x35E4EFa6f4f00478Cb9e391F0894f48A7A02a583

Zero Token

Threat Intelligence

0x81058db5c2Cf219aB8fecD850b3067d08216467D

ShieldToken

Threat Intelligence

0xfDdac426a674856F338566d2e75388c2489FD512

ExtraToken

Threat Intelligence

0xEE4Af49d4cd8B8Ea77875bACE4e6787d5CD11D54

BabyRabbit

Fake token

0x03ddEe27D1c6D6E556d567a96F12D1f1c1f1B476

Meta Rewards Token

Fake token

0x0417F1508bdb0091C389e339880524af93C696f5

Billion Happiness

Fake token

0x056d23D5A12fCA26143Da3491BD0ae0A9ab5aa6D

Lambda

Fake token

0x08310438f16Ec1C73B260dEf8022926dEacd8f74

KITTYSHIBA

Fake token

0x0A89a180017189332AE746E007e5457500A42B68

Fight Win Ai

Fake token

0x0DFDd7EC326402972416605c58017b73566BD820

OSK

Fake token

0x0ec14Fc97070A622c967B3D01e8E5fB89243e758

SEED

Fake token

0x0F3E4b9206D8fEBBb6ed22c4E18aCAB2Ba886836

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#Cryptocurrency trading in #China is experiencing significant growth, even amid strict regulatory measures. A recent report from #chainalysis indicates that trading volume in the over-the-counter (#OTC ) market surged to $23.7 billion in Q2 2024, a more than threefold increase compared to the same quarter in 2021. This rise suggests that investors are turning to #crypto as an alternative to underperforming stocks in a slowing economy. Despite government crackdowns, the demand for cryptocurrencies remains strong, reflecting a broader shift in investment strategies.
#Cryptocurrency trading in #China is experiencing significant growth, even amid strict regulatory measures.
A recent report from #chainalysis indicates that trading volume in the over-the-counter (#OTC ) market surged to $23.7 billion in Q2 2024, a more than threefold increase compared to the same quarter in 2021.
This rise suggests that investors are turning to #crypto as an alternative to underperforming stocks in a slowing economy. Despite government crackdowns, the demand for cryptocurrencies remains strong, reflecting a broader shift in investment strategies.
_🚨⚠️🚨North America Leads Global Crypto Market with $1.3 Trillion in On-Chain Activity_ 🚀 $BTC $ETH $XRP 🌏⤴️🪙 {spot}(XRPUSDT) {spot}(ETHUSDT) {spot}(BTCUSDT) A recent report by Chainalysis reveals North America's dominance in the global cryptocurrency market, with an impressive $1.3 trillion in on-chain activity. _Regionally Dominant_ 🌎 North America's leadership in the crypto space is attributed to: - Strong institutional investment - Growing adoption in the US and Canada - Favorable regulatory environment _Global Growth_ 📈 The total value of global crypto activity increased substantially between Q4 2023 and Q1 2024, surpassing 2021 bull market levels. _US Crypto Adoption_ 🇺🇸 The United States ranks fourth on Chainalysis' 2024 Global Crypto Adoption Index, driven by: - Launch of Bitcoin ETF - Increased institutional-sized transfers - Growing interest from high-income individuals _Expert Insights_ 💡 "North America's crypto market growth is driven by institutional investment and regulatory clarity." - Chainalysis _Market Data_ 📊 - North America: $1.3 trillion in on-chain activity - Global crypto activity: $3.5 trillion (Q1 2024) - US crypto adoption ranking: 4th (2024 Global Crypto Adoption Index) _Source:_ Chainalysis Date: October 2024 #CryptocurrencyCulture #NorthAmerica #chainalysis #cryptoadoption #bitcoinetfdaynewsupdate _Note:_ Cryptocurrency markets are highly volatile; data accurate as of October 2024.
_🚨⚠️🚨North America Leads Global Crypto Market with $1.3 Trillion in On-Chain Activity_ 🚀
$BTC $ETH $XRP 🌏⤴️🪙



A recent report by Chainalysis reveals North America's dominance in the global cryptocurrency market, with an impressive $1.3 trillion in on-chain activity.

_Regionally Dominant_ 🌎

North America's leadership in the crypto space is attributed to:

- Strong institutional investment
- Growing adoption in the US and Canada
- Favorable regulatory environment

_Global Growth_ 📈

The total value of global crypto activity increased substantially between Q4 2023 and Q1 2024, surpassing 2021 bull market levels.

_US Crypto Adoption_ 🇺🇸

The United States ranks fourth on Chainalysis' 2024 Global Crypto Adoption Index, driven by:

- Launch of Bitcoin ETF
- Increased institutional-sized transfers
- Growing interest from high-income individuals

_Expert Insights_ 💡

"North America's crypto market growth is driven by institutional investment and regulatory clarity." - Chainalysis

_Market Data_ 📊

- North America: $1.3 trillion in on-chain activity
- Global crypto activity: $3.5 trillion (Q1 2024)
- US crypto adoption ranking: 4th (2024 Global Crypto Adoption Index)

_Source:_
Chainalysis
Date: October 2024

#CryptocurrencyCulture #NorthAmerica #chainalysis #cryptoadoption #bitcoinetfdaynewsupdate

_Note:_ Cryptocurrency markets are highly volatile; data accurate as of October 2024.
US Risks Falling Behind in Stablecoin Adoption Amid Global Surge: Chainalysis ReportA #chainalysis report reveals that the United States is losing ground in stablecoin adoption due to regulatory uncertainty, even as demand for US dollar-backed #Stablecoins soars globally. In 2024, stablecoin transactions on US platforms fell below 40%, down from 50% last year, while non-US platforms surpassed 60%, driven by emerging markets like Argentina and Turkey. Tether’s CEO #PaoloArdoino noted that demand is strongest in regions with unstable currencies. With the US lagging on #stablecoin regulations, other regions are attracting stablecoin projects, putting pressure on US policymakers to step up and protect its leadership in digital finance. #MemeCoinTrending $USDC {future}(USDCUSDT)

US Risks Falling Behind in Stablecoin Adoption Amid Global Surge: Chainalysis Report

A #chainalysis report reveals that the United States is losing ground in stablecoin adoption due to regulatory uncertainty, even as demand for US dollar-backed #Stablecoins soars globally. In 2024, stablecoin transactions on US platforms fell below 40%, down from 50% last year, while non-US platforms surpassed 60%, driven by emerging markets like Argentina and Turkey. Tether’s CEO #PaoloArdoino noted that demand is strongest in regions with unstable currencies. With the US lagging on #stablecoin regulations, other regions are attracting stablecoin projects, putting pressure on US policymakers to step up and protect its leadership in digital finance.
#MemeCoinTrending $USDC
🚀 China is pouring $142B into banks, just like in 2008 when markets skyrocketed by 1,000%! Now, with China's focus on AI, altcoins are primed for massive growth—up to 10,000%+. After scanning hundreds of tokens, I've found one that could be a game-changer. 🎮 Enter MoonPrime Games ($LUNAR)—the core of an AI-powered, play-to-earn ecosystem. Imagine AI NPCs trading and socializing in real-time, creating decentralized virtual economies where YOU can profit. With a market cap of just 500k, the potential is huge. Experts even predict $LUNAR could hit $1,000 by 2025. This is your chance to be part of the future of gaming—where blockchain meets AI. Don’t miss out! #chainalysis #CATIonBinance #ChinaDrama
🚀 China is pouring $142B into banks, just like in 2008 when markets skyrocketed by 1,000%! Now, with China's focus on AI, altcoins are primed for massive growth—up to 10,000%+. After scanning hundreds of tokens, I've found one that could be a game-changer.

🎮 Enter MoonPrime Games ($LUNAR)—the core of an AI-powered, play-to-earn ecosystem. Imagine AI NPCs trading and socializing in real-time, creating decentralized virtual economies where YOU can profit. With a market cap of just 500k, the potential is huge. Experts even predict $LUNAR could hit $1,000 by 2025.

This is your chance to be part of the future of gaming—where blockchain meets AI. Don’t miss out!

#chainalysis #CATIonBinance #ChinaDrama
🔍 #chainalysis has been exposed for tracking Monero #transactions through malicious nodes, undermining the network's claimed privacy! 🙀 👀 An anonymous source provided videos to Cointelegraph, which were subsequently shared on Reddit, sparking concern among #Monero users. Despite Monero's reputation as a private #Network , the videos reveal that Chainalysis has been effectively tracking transactions since 2021. 🕵️‍♂️ The leak indicates that Chainalysis operates numerous XMR nodes worldwide, using various geographic locations and internet service providers. This enables them to collect data on IP addresses and transaction timestamps. ⏳ As a result, they are able to link IP addresses to specific transactions, partially compromising the anonymity of the Monero network. 🤔 #CPI_BTC_Watch
🔍 #chainalysis has been exposed for tracking Monero #transactions through malicious nodes, undermining the network's claimed privacy! 🙀

👀 An anonymous source provided videos to Cointelegraph, which were subsequently shared on Reddit, sparking concern among #Monero users.

Despite Monero's reputation as a private #Network , the videos reveal that Chainalysis has been effectively tracking transactions since 2021. 🕵️‍♂️

The leak indicates that Chainalysis operates numerous XMR nodes worldwide, using various geographic locations and internet service providers. This enables them to collect data on IP addresses and transaction timestamps. ⏳

As a result, they are able to link IP addresses to specific transactions, partially compromising the anonymity of the Monero network. 🤔
#CPI_BTC_Watch
Omnia Protocol announced its partnership with Chainalysis. 🤝🔗 Omnia Protocol recently announced an exciting collaboration with Chainalysis, a prominent provider of Blockchain intelligence solutions. With over two years of reliance on Chainalysis for platform protection, serving more than 15 million users, this partnership aims to bolster compliance measures and offer a seamless experience across 45+ chains. The commitment to prioritizing compliance and security underscores their dedication to providing peace of mind to their diverse user base. Moving forward, they anticipate strengthening their collaboration with Chainalysis to enhance trust and security within their ecosystem, promising further updates on the partnership's impact on platform security and integrity. #chainalysis #OMNIA #OmniaProtocol #
Omnia Protocol announced its partnership with Chainalysis. 🤝🔗

Omnia Protocol recently announced an exciting collaboration with Chainalysis, a prominent provider of Blockchain intelligence solutions.

With over two years of reliance on Chainalysis for platform protection, serving more than 15 million users, this partnership aims to bolster compliance measures and offer a seamless experience across 45+ chains.

The commitment to prioritizing compliance and security underscores their dedication to providing peace of mind to their diverse user base.

Moving forward, they anticipate strengthening their collaboration with Chainalysis to enhance trust and security within their ecosystem, promising further updates on the partnership's impact on platform security and integrity.

#chainalysis #OMNIA #OmniaProtocol #
MENA’s Cryptocurrency Landscape Shows It’s a Rising Star in the Global Market.Middle East and North Africa (MENA) region is quickly becoming a hotbed for cryptocurrency activity, challenging traditional financial systems and offering new opportunities for economic growth. Despite its relatively small global market share, MENA is experiencing rapid adoption rates and regulatory innovations that are attracting international attention. MENA's Crypto Market at a Glance Recent data paints an intriguing picture of MENA's cryptocurrency market: The region processed approximately $338.7 billion in crypto transactions from July 2023 to June 2024.MENA now represents 7.5% of global cryptocurrency transaction volume.Countries like Türkiye and Morocco are climbing the ranks in global crypto adoption indices.A whopping 93% of crypto transfers in the region involve amounts over $10,000, indicating strong institutional participation. DeFi Revolution: Banking the Unbanked Decentralized Finance (DeFi) is gaining significant traction in MENA, particularly in Gulf countries like Saudi Arabia and the United Arab Emirates (UAE). This trend is especially noteworthy given that less than half of adults in non-high-income MENA countries had access to traditional banking services as of 2021. DeFi's promise of financial services without intermediaries could be a game-changer for financial inclusion in the region. By leveraging blockchain technology, DeFi platforms can potentially provide banking services to millions of unbanked individuals, fostering economic empowerment and growth. Regulatory Landscape: UAE Leads the Charge The UAE has emerged as a pioneer in crypto regulation within the MENA region. The country's multi-faceted approach includes: Federal-level oversight of virtual asset services by the Securities and Commodities Authority (SCA).Regulation of payment token services by the Central Bank of UAE (CBUAE).Dubai's Virtual Assets Regulatory Authority (VARA) shaping the local market. This comprehensive regulatory framework is attracting global crypto businesses and setting a precedent for other countries in the region. Türkiye, MENA's largest crypto market, is also making strides in regulation. Recent amendments to its Capital Markets Law now include provisions for crypto assets, aiming to enhance market integrity and protect consumers. Stablecoins: A Haven in Economic Uncertainty Stablecoins are gaining popularity across MENA, especially in countries facing economic challenges. Türkiye, for instance, leads the world in stablecoin trading volume as a percentage of GDP. With inflation rates consistently above 50%, many Turks are turning to stablecoins as a hedge against currency devaluation. This trend extends beyond Türkiye, with Saudi Arabia and the UAE also seeing increased interest in stablecoins and various altcoins, challenging the dominance of traditional cryptocurrencies like Bitcoin and Ether. Looking to the Future As MENA's crypto market continues to evolve, several key trends are emerging: DeFi Expansion: The growth of decentralized finance platforms could revolutionize financial inclusion in the region.Regulatory Development: More countries are likely to follow the UAE's lead in creating comprehensive crypto regulations.Stablecoin Adoption: The use of stablecoins as a hedge against economic instability is expected to grow.Institutional Involvement: Traditional financial institutions, especially in Gulf countries, are increasingly entering the crypto space. The MENA region is rapidly establishing itself as a significant player in the global cryptocurrency ecosystem. With its innovative regulatory approaches, growing DeFi sector, and increasing adoption rates, MENA is poised to play a crucial role in shaping the future of digital finance. As blockchain technology and cryptocurrencies become more integral to the global financial landscape, the region's fast-growing markets are likely to attract even more international interest and investment. As we move forward, it will be fascinating to watch how MENA's unique blend of traditional finance and cutting-edge crypto innovation continues to evolve, potentially offering new models for economic growth and financial inclusion that could be applied globally. #MENA #Stablecoins #türkiye #chainalysis #UAE

MENA’s Cryptocurrency Landscape Shows It’s a Rising Star in the Global Market.

Middle East and North Africa (MENA) region is quickly becoming a hotbed for cryptocurrency activity, challenging traditional financial systems and offering new opportunities for economic growth. Despite its relatively small global market share, MENA is experiencing rapid adoption rates and regulatory innovations that are attracting international attention.
MENA's Crypto Market at a Glance
Recent data paints an intriguing picture of MENA's cryptocurrency market:
The region processed approximately $338.7 billion in crypto transactions from July 2023 to June 2024.MENA now represents 7.5% of global cryptocurrency transaction volume.Countries like Türkiye and Morocco are climbing the ranks in global crypto adoption indices.A whopping 93% of crypto transfers in the region involve amounts over $10,000, indicating strong institutional participation.
DeFi Revolution: Banking the Unbanked
Decentralized Finance (DeFi) is gaining significant traction in MENA, particularly in Gulf countries like Saudi Arabia and the United Arab Emirates (UAE). This trend is especially noteworthy given that less than half of adults in non-high-income MENA countries had access to traditional banking services as of 2021.
DeFi's promise of financial services without intermediaries could be a game-changer for financial inclusion in the region. By leveraging blockchain technology, DeFi platforms can potentially provide banking services to millions of unbanked individuals, fostering economic empowerment and growth.
Regulatory Landscape: UAE Leads the Charge
The UAE has emerged as a pioneer in crypto regulation within the MENA region. The country's multi-faceted approach includes:
Federal-level oversight of virtual asset services by the Securities and Commodities Authority (SCA).Regulation of payment token services by the Central Bank of UAE (CBUAE).Dubai's Virtual Assets Regulatory Authority (VARA) shaping the local market.
This comprehensive regulatory framework is attracting global crypto businesses and setting a precedent for other countries in the region.
Türkiye, MENA's largest crypto market, is also making strides in regulation. Recent amendments to its Capital Markets Law now include provisions for crypto assets, aiming to enhance market integrity and protect consumers.
Stablecoins: A Haven in Economic Uncertainty
Stablecoins are gaining popularity across MENA, especially in countries facing economic challenges. Türkiye, for instance, leads the world in stablecoin trading volume as a percentage of GDP. With inflation rates consistently above 50%, many Turks are turning to stablecoins as a hedge against currency devaluation.
This trend extends beyond Türkiye, with Saudi Arabia and the UAE also seeing increased interest in stablecoins and various altcoins, challenging the dominance of traditional cryptocurrencies like Bitcoin and Ether.
Looking to the Future
As MENA's crypto market continues to evolve, several key trends are emerging:
DeFi Expansion: The growth of decentralized finance platforms could revolutionize financial inclusion in the region.Regulatory Development: More countries are likely to follow the UAE's lead in creating comprehensive crypto regulations.Stablecoin Adoption: The use of stablecoins as a hedge against economic instability is expected to grow.Institutional Involvement: Traditional financial institutions, especially in Gulf countries, are increasingly entering the crypto space.
The MENA region is rapidly establishing itself as a significant player in the global cryptocurrency ecosystem. With its innovative regulatory approaches, growing DeFi sector, and increasing adoption rates, MENA is poised to play a crucial role in shaping the future of digital finance. As blockchain technology and cryptocurrencies become more integral to the global financial landscape, the region's fast-growing markets are likely to attract even more international interest and investment.
As we move forward, it will be fascinating to watch how MENA's unique blend of traditional finance and cutting-edge crypto innovation continues to evolve, potentially offering new models for economic growth and financial inclusion that could be applied globally.

#MENA #Stablecoins #türkiye #chainalysis #UAE
_📮FTX Adviser AlixPartners Boosts Crypto Tracing with Chainalysis 🚨_ $BTC $FTT $TRX 🌏⤴️🪙 {spot}(TRXUSDT) {spot}(FTTUSDT) {spot}(BTCUSDT) AlixPartners, the advisory firm guiding FTX through bankruptcy, has teamed up with Chainalysis to enhance cryptocurrency tracing capabilities. _Partnership Highlights 🤝_ - Advanced crypto transaction tracking - Improved fraud detection and prevention - Enhanced asset recovery efforts _Enhanced Capabilities 🔍_ - Real-time transaction monitoring - AI-powered anomaly detection - Global coverage of crypto exchanges _Benefits for FTX Bankruptcy Proceedings 📈_ - Streamlined asset identification and recovery - Increased transparency and accountability - Confidence boost in bankruptcy process _Chainalysis' Expertise 💡_ - Leading blockchain analytics platform - Proven track record in combating crypto crime - Specialized crypto tracing tools _Industry Impact 🌐_ - Increased adoption of crypto tracing solutions - Improved security and transparency in crypto markets - Enhanced regulatory compliance _Expert Insights 💬_ - "Partnership marks significant step in FTX recovery." - "Chainalysis' expertise crucial in crypto tracing." - "Transparency and accountability essential in crypto." _Conclusion 🌑_ The AlixPartners-Chainalysis partnership revolutionizes crypto tracing, bolstering FTX bankruptcy proceedings and promoting transparency in the crypto market. #CryptocurrencyTracing #FTXbankruptcy #chainalysis #CryptoSecurityResponse
_📮FTX Adviser AlixPartners Boosts Crypto Tracing with Chainalysis 🚨_
$BTC $FTT $TRX 🌏⤴️🪙



AlixPartners, the advisory firm guiding FTX through bankruptcy, has teamed up with Chainalysis to enhance cryptocurrency tracing capabilities.

_Partnership Highlights 🤝_

- Advanced crypto transaction tracking
- Improved fraud detection and prevention
- Enhanced asset recovery efforts

_Enhanced Capabilities 🔍_

- Real-time transaction monitoring
- AI-powered anomaly detection
- Global coverage of crypto exchanges

_Benefits for FTX Bankruptcy Proceedings 📈_

- Streamlined asset identification and recovery
- Increased transparency and accountability
- Confidence boost in bankruptcy process

_Chainalysis' Expertise 💡_

- Leading blockchain analytics platform
- Proven track record in combating crypto crime
- Specialized crypto tracing tools

_Industry Impact 🌐_

- Increased adoption of crypto tracing solutions
- Improved security and transparency in crypto markets
- Enhanced regulatory compliance

_Expert Insights 💬_

- "Partnership marks significant step in FTX recovery."
- "Chainalysis' expertise crucial in crypto tracing."
- "Transparency and accountability essential in crypto."

_Conclusion 🌑_

The AlixPartners-Chainalysis partnership revolutionizes crypto tracing, bolstering FTX bankruptcy proceedings and promoting transparency in the crypto market.

#CryptocurrencyTracing #FTXbankruptcy #chainalysis #CryptoSecurityResponse
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