AMLT: High Risk Addresses of the Month.
AMLT: High Risk Addresses of the Month.

AMLT: High Risk Addresses of the Month.

In this series we will 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.

Crowd Machine (CMCT) Token hack
A hacker recently 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. To read the complete response from Crowd Machine click here
If you don't see the image below Click here
2.png
As you can see in the Coinfirm AML Risk Report below, we have appropriately flagged and 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.
If you don't see the AML/KYC Risk report below Click here
3.png
2. Paid Scam Twitter Ads
Using Twitter and Crypto Brands like Coinbase for Fraud


We’ve already documented multiple cases where Twitter has been a central point of unique types of identity theft, phishing, and various types of fraud. You can find our previous Alerts here. 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
In case you don't see the images below click here
4.png
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.
If you don't see the AML/KYC Risk Report below Click here
5.png
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.
If you don't see the image below Click here
6.png
Below you have a screen shot of the extortion email as well as our AML Risk Report for it.
If you don't see the AML/KYC Risk report below Click here
7.png
If you're interested in partnering with Coinfirm or becoming an AMLT Network Member then contact us!

Thank you for your continued support and make sure to follow all of our latest updates on Twitter, Facebook, LinkedIn and Telegram Community.

Sincerely,
The AMLT Team


About AMLT
AMLT is the token for the AMLT Network and Coinfirm AML/KYC Platform. The first solution allowing the global economy to provide data to fight ransomware, hacking, malware and other online fraud and scams touching the cryptocurrency economy. In return for valid data provided, AMLT Network Members are rewarded in AMLT that can then be used in various ways. Created by Coinfirm, a global leader in regtech for blockchain and cryptocurrency, AMLT not only creates the first system where entities can report addresses and evidence tied to nefarious actors in the economy, but AMLT token can be used for discounted services on the Coinfirm AML/KYC Platform that is already servicing countless ICOs and over 100 companies in both the cryptocurrency and traditional spaces. Network Members also receive privileged access to Coinfirm products such as our tools and panels, the AMLT knowledge pool with exclusive content and materials as well as additional benefits and features, helping them limit exposure to risk and increase transparency for themselves, their clients and the entire digital economy.
 
Coinfirm: A Top Blockchain and Regtech Company

Coinfirm: A Top Blockchain and Regtech Company

amlt@coinfirm.io

amlt@coinfirm.io

Related Stories
Coinfirm will grow together with Tech Nation Fintech

Coinfirm, as one of the most promising British start-ups, was found among the participants of the Fintech Tech Nation program. The finalists of the program for the next five months will take part in sessions conducted by the most experienced specialists from the Fintech sector and develop a network of business contacts.
Coinfirm, Africa Blockchain Lab and KAD ICT Hub to launch the cryptocurrency anti fraud system AMLT in the heart of Africa

At this point almost all of us have received the Nigerian Prince email, Africa stands as a hub for online and digital fraud that is not only seriously affecting the regional economy but the security of global markets as a whole. Recent cases such as bitcoin scam South Af
Coinfirm partners with Dell EMC on Trudatum delivery as part of the blockchain based durable medium offering

Coinfirm, the British-Polish RegTech firm, the creator of the durable medium solution Trudatum used by companies such as the largest CE bank PKO BP, has started to work together with Dell EMC
AMLT Network - First Week Network Member Stats

As requested by Network Members and members of the AMLT community we have released some numbers from the first week of the beta launch of the AMLT Network. Our initial goal for the first 3 months of the beta launch was 10 Network Members. As you can see we are well on our way. We will consistently release numbers and insights such as this. 
Check your inbox for a subscription confirmation email.
By confirming your subscription you will receive the latest content published on this website and consent to your information being securely processed and stored.