Welcome to week 19 of the Crypto Alert of the Week series by AMLT, a series dedicated to documenting interesting or high profile frauds/hacks etc that recently happened and have been reported into the AMLT Network and show how the AMLT Network can help track and prevent it in the future.
At Coinfirm and the AMLT Network, we believe in setting the highest standards for the industry. If anyone notices such an attack, they can report the attacker through the AMLT panel or widget. The submitted data is then analyzed and processed by our data science team for validation of submitted data. Once flagged entities using the Coinfirm AML Platform such as exchanges can see the source and potentially freeze the funds and prevent further risk spreading through the ecosystem. This helps the crypto economy become safer and more transparent while fighting malicious actors. Below you can find a Coinfirm AML Risk Report for the Geth hackers address after data submission and verification by the AMLT Network. Now any entity using the Coinfirm AML Platform can not only avoid the risk associated with this address but also help stop the further spread of it.
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The AMLT Team