Blockscope

??Demystifying DeFi: Euler Finance Euler Finance (Euler Labs) has set itself apart in the decentralized lending space with its focus on capital efficiency and modular innovation. At Blockscope, we took a deep dive into Euler's journey, from its launch in 2021 to the resilience it displayed after the 2023 hack and its evolution through Euler V2. ?? Our latest article discusses: ? Euler's permissionless ERC-20 listings ? The innovative Euler Vault Kit (EVK) and Ethereum Vault Connector (EVC) ? Lessons from its 2023 security incident and the subsequent improvements ? What sets Euler apart from platforms like Aave and Compound ?Euler’s approach and adaptability make it a fascinating case study in DeFi’s rapid evolution. ?? Read the full article here: https://lnkd.in/dsVsr5ym #DeFi #EulerFinance #Blockchain #CryptoLending #BlockscopeInsights

Unlock the Secrets of Blockchain Addresses with Blockscope’s Wallet Profile! ???? In the intricate world of blockchain, transparency is essential, yet understanding individual wallet addresses can be challenging. Enter Blockscope’s Wallet Profiler, a powerful tool designed to provide deep insights into any wallet address. ?? Key Features: ○ Comprehensive Overview: Gain insights into wallet creators, labels (like frequent Tornado Cash withdrawers), and all related transactions, including internal transfers. ○ In-Depth Transaction Analysis: Examine the transaction history to identify significant counterparties and high-value transfers. ○ Risk Assessment Tools: Evaluate the wallet’s compliance with AML and KYC regulations to uncover potential red flags. Real-Life Use Case: The Radiant Capital Hack Recently, Radiant Capital fell victim to a significant $53M hack in mid-October. Using Blockscope's Wallet Profiler, we were able to: ? Identify and Access: Locate the wallet address associated with the exploit. ? Probe Holdings and Transactions: Discover current holdings and analyze transaction history to trace the flow of stolen funds. ? Detect Patterns and Anomalies: Identify unusual transaction patterns that could indicate attempts to launder the stolen assets. ? Conduct Risk Assessment and Reporting: Document findings and prepare a comprehensive report detailing the connections and risks associated with the compromised wallet. The images below illustrates the wallet tied to the Radiant Capital hack, showcasing how Wallet Profiler can help unravel complex transactions linked to significant exploits. Ready to enhance your blockchain investigations? Try Wallet Profiler today!

?? WazirX Expands to Decentralized Exchange (DEX) ?? WazirX founder Nischal Shetty announced plans for a DEX following the July 2024 hack that cost the exchange $235M, linked to the Lazarus Group. The DEX aims to reduce counter-party risk and empower users with self-custody of assets. Key Points: ? New DEX token for fees and governance. ? Hack aftermath: $235M moved through Tornado Cash, toughening recovery efforts. ? Controversial response: Initial user fund-lock proposal faced backlash; trades later reversed to pre-hack states. A bold shift reflecting the push for security and user control in the crypto space. And incase if you have missed Blockscope's investigation for WazirX's hack, link is here:?https://lnkd.in/eS9q5Bgn #Blockchain #Crypto #DEX #Blockscope #WazirX

Transaction Decoder: Blockscope’s Powerful Tool for Transaction Insights In the world of crypto, where every transaction could hold clues to understanding breaches and exploits, Blockscope’s Transaction Decoder stands out as an essential tool for analysts and investigators. ??? Transaction Decoder simplifies and decodes any transaction on major EVM chains, providing in-depth analytics of incoming and outgoing transfers, identifying frequently occurring addresses, and tracking interactions across DeFi protocols. Nearly all protocols and frequent addresses are pre-labeled, giving users clear insights at a glance. ?? Key Features: ○ Address Interaction: See all the addresses involved in a transaction, making it easier to identify key players and associations within the transaction flow. ○ Flow Chart Visualization: Track the flow of functions called within a transaction, offering a visual overview of each step, from initial calls to outcomes. ○ Trace Call: Dive deep into each function called, uncovering valuable details about transaction mechanics and fund movements—critical for investigations. In a recent breach of the $27M Penpie protocol, Transaction Decoder helped us uncover all transfers and functions within the main transactions, offering a clear view of fund inflows, outflows, and wallet interactions. By simplifying the complex contract functions, it provided a streamlined and user-friendly approach to complex investigations. Whether you’re tracing funds or analyzing contract calls, Transaction Decoder is your go-to tool. Dive into deeper insights with Blockscope’s Transaction Decoder today! #Blockscope #DeFi #Security

?? Navigating the Future of Crypto Regulation with MiCA and Blockscope As the crypto industry continues to expand, regulatory clarity is more important than ever. The EU’s Markets in Crypto-Assets (MiCA) regulation, set to fully launch in December 2024, is poised to bring much-needed transparency and protection for investors, businesses, and governments alike. MiCA aims to standardize crypto regulations across Europe, offering a consistent framework that could set a global benchmark—much like GDPR did for data privacy. In our latest article, we explore the key provisions and impact of MiCA, from licensing and stablecoin regulation to consumer protection and AML requirements. MiCA’s passporting mechanism will make it easier for businesses to access the entire EU market, fueling innovation and growth. ?? Read the full article here: https://lnkd.in/gXC6pjxE Let’s work together to stay ahead in this evolving regulatory landscape. At Blockscope, our advanced monitoring and compliance tools are here to help Web3 businesses navigate this new framework with confidence. #MiCA #CryptoRegulation #EU #Blockscope #Web3 #CryptoCompliance #Blockchain #DigitalAssets

BlackRock's iShares Bitcoin Trust (IBIT) has set a record as the fastest-growing ETF, hitting $30 billion in assets under management in under 300 days! ?? With substantial inflows and Bitcoin’s recent price surge, IBIT now holds over 417,000 BTC—around 2% of Bitcoin’s total supply! At this pace, the fund could accumulate up to 500,000 BTC by year-end, making it one of the world’s top Bitcoin holders, following only Coinbase and Binance. This explosive growth underscores the rising wave of institutional interest in Bitcoin. BlackRock's success mirrors this surge, with other ETFs, like those from Fidelity and Bitwise, also drawing significant inflows. #Bitcoin #BlackRock

Unveiling Tracer: Blockscope’s Ultimate Tool for Tracking Fund Movements In the fast-paced world of crypto, where hacks and exploits seem to make headlines every other day, Blockscope’s Tracer tool is a game-changer for investigators and analysts. ??? Tracer enables you to follow the complete flow of funds linked to any wallet, offering clear, customizable visualizations that reveal how transactions unfold across DeFi protocols, proxy addresses, and multiple contracts. ?? Key Features: ○ Customizable Visualizations: Filter by addresses, protocols, or cryptocurrency of interest, and adjust the time range to zoom in on relevant data. ○ Deep Pathway Insight: See the full transaction trail, uncovering how exploiters shift funds, conceal traces, and build complex pathways. ○ Time-Specific Tracing: Focus on critical transaction periods for a sharper, more targeted view of activity. In a recent investigation of the $27M Penpie Exploit, Tracer helped us map out 18-20 key addresses and protocols—untangling a complex web of transactions across the blockchain. For anyone looking to streamline their crypto investigations, Tracer is a must-have. Ready to take your blockchain investigations to the next level? Try Tracer today! ?? #Blockscope #Defi #Security

?? Introducing Blockscope’s Weekly Tool Spotlight At Blockscope, we’re committed to enhancing blockchain monitoring and forensics with tools designed to secure the ecosystem and simplify the complexities of tracing, decoding, and monitoring blockchain data. Since 2022, our specialized platform has been making this essential work both powerful and engaging, backed by thousands of curated labels and data points for on-chain entities and protocols. Starting this week, we’ll be diving into each of our tools, exploring how they simplify blockchain monitoring step-by-step. From tracing transactions to uncovering insights in DeFi protocols, we’re excited to show you what’s under the hood. Stay tuned for our first post in the series—let’s make blockchain monitoring more accessible together! #Blockchain #DeFi #Blockscope

?? Avalanche has introduced Avalanche Card! ???? The Avalanche Foundation has launched the Avalanche Card, a new Visa card that allows users to easily spend crypto assets like Circle’s USD Coin (USDC), Wrapped AVAX (WAVAX), and BENQI Liquid Staked AVAX (sAVAX) at any Visa-accepting merchant. With both physical and virtual card options, it's designed to provide seamless crypto transactions.?? This self-custody wallet gives users full control with unique addresses for each asset, ensuring that spending doesn’t affect your credit score, as activity isn’t reported to credit bureaus. ?? Available now in Latin America and the Caribbean, the card comes with no spending fees, 24/7 customer support, and easy management features. ??

?? Tornado Cash: It’s more than just a mixer ?? In the rapidly evolving world of crypto privacy, Tornado Cash stands out as a crucial player. From pioneering zero-knowledge proofs (ZKPs) to facing sanctions for its role in laundering billions, Tornado Cash finds itself at the crossroads of the ongoing debate between privacy and regulation. In our latest #DemystifyingDeFi article, we dive into: ? How Tornado Cash works, leveraging ZKP technology to protect user privacy ? Its involvement in money laundering and sanctions, including ties to high-profile cases like the North Korean Lazarus Group ? The growing tension between maintaining privacy and complying with legal frameworks As privacy tools continue to evolve, Tornado Cash’s story serves as a critical case study in the future of privacy in crypto. ?? Read the full article here: https://lnkd.in/gG49JB7R #CryptoCompliance #AML #DeFiSecurity #TornadoCash #Blockscope #CryptoForensics #Blockchain #DemystifyingDeFi