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From the recent FinCEN Alert: ransomware and cybercrime red flags

Select Red Flag Indicators

  • A customer receives CVC from an external wallet, and immediately initiates multiple, rapid trades among multiple CVCs with no apparent related purpose, followed by a transaction off the platform. This may be indicative of attempts to break the chain of custody on the respective blockchains or further obfuscate the transaction.
  • A customer initiates a transfer of funds involving a CVC mixing service.
  • A customer has either direct or indirect receiving transaction exposure identified by blockchain tracing software as related to ransomware.


FinCEN Alert

Categories: Cybersecurity FinCEN Updates Ransomware Red Flags/Indicators Russia sanctions Ukraine sanctions


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