Tag Archives: featured

The Future of Bitcoin KYC

Free Bitcoin KYC
The addition of two Iranian SamSam ransomware bitcoin addresses to the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) list ushered in a new era in Know Your Customer, Counter Terrorist Financing and Anti-Money Laundering (KYC/CTF/AML) regulation compliance for bitcoin transactions. From now on, no one is allowed to transact with these two bitcoin addresses:

1AjZPMsnmpdK2Rv9KQNfMurTXinscVro9V
149w62rY42aZBox8fGcmqNsXUzSStKeq8C

It’s a significant first. For responsible crypto exchanges and bitcoin ATMs operating in this wild west legal environment there are very few FREE KYC/CTF/AML compliance tools available. BitcoinWhosWho.com provides open-source data necessary to adhere to burgeoning global KYC/CTF/AML procedures involving bitcoin transactions.

  • Monitor OFAC List
    Prevent scam addresses from registering at an exchange.
  • Bitcoin Transaction Profiling
    Warn customers before they send bitcoin to an accused scammer.
  • Wallet Risk Assessment
    Mark wallets which have transacted with “scam” wallets to a higher degree of risk.

Continue reading The Future of Bitcoin KYC

Bitcoin Blackmail Letter Scam Raising Prices

Blackmail letter
Not all bitcoin sextortion attempts are occurring over email right now. Reports of a highly customized blackmail letter received in the mail and claiming to have “evidence” of a “secret you are keeping from your wife” and demanding payment in bitcoin in order not to tell, started coming in late 2017 and continue today. Krebs on Security blogged about this scam in January. Back then the amount demanded was around $2,500. In May typical reports had risen to around $8,500. Today the letters are demanding as much as $15,500. Continue reading Bitcoin Blackmail Letter Scam Raising Prices