High-Risk Addresses of the Month [15.10.2018]

15 October 2018

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 the hacker’s 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


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


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. 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


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


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 screenshot of the extortion email as well as our AML Risk Report for it.
If you don’t see the image below Click here


Below you have a screenshot 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


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 Coinfirm’s Twitter, Facebook, LinkedIn and AMLT Telegram Community.

The Coinfirm 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 Companyamlt@coinfirm.io

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