Clain

Thank you, BLOCKTRACE, for the opportunity to be part of such a meaningful initiative! It was an honor for Clain to collaborate with The World Bank and other esteemed partners in this specialized training program. We are dedicated to equipping Moldovan Cyber Investigators and Prosecutors with the skills and tools necessary to tackle cybercrime effectively. Together, we are making strides towards a safer digital world. We look forward to continuing our partnership and contributing to global cybersecurity efforts.

Clain has arrived in The Hague for the 10th Europol Virtual Currencies Conference. We're excited to announce new features at 16:30 on May 7th. Additionally, you're invited to join us for a private demo in the Gross room on May 8th, starting at 9 AM. Looking forward to reconnecting with old friends and making new ones!

?? Critical Development in Cryptocurrency Regulation: Samourai Wallet Founders Arrested ?? In a significant development for the cryptocurrency industry, today the founders of Samourai Wallet, a well-known Bitcoin mixing service, were detained under charges of money laundering and operating an unlicensed money transmitting business. (https://lnkd.in/gJScr93h) At Clain, we have been closely monitoring this situation. Our comprehensive investigation published three weeks ago on the Clain blog already identified the criminal risks that have now become central to the U.S. Department of Justice's (DOJ) case against Samourai's founders. According to the DOJ, since 2015, Samourai has processed transactions amounting to over $2 billion, including in excess of $100 million from illicit activities tied to dark web markets such as Silk Road and Hydra Market, alongside various hacking and fraud operations. Our previous reports highlighted numerous concerns regarding Samourai's mixing features like "Whirlpool" and "Ricochet," which seem purposefully crafted to conceal fund origins. These concerns are now confirmed by the indictment, which states that Samourai deliberately served individuals attempting to launder criminal proceeds. We have also consistently raised issues regarding the insufficient regulatory oversight of mixing services such as Samourai. The recent arrests not only validate these concerns but also emphasize the significant legal risks for mixing services that fail to implement stringent anti-money laundering (AML) measures. With the seizure of Samourai's website and the removal of its application from the Google Play Store, the future of what was once a prominent Bitcoin mixing service now appears bleak. This case marks a pivotal moment for the crypto industry, underscoring the necessity for privacy solutions to operate strictly within legal boundaries to prevent criminal misuse. Clain is uniquely positioned as the only company on the market capable of providing demixing information for Samourai Wallet at scale, an essential service for addressing and understanding complex transaction layers in regulatory investigations. For a detailed account of our findings on the Samourai case, please visit the Clain blog at https://lnkd.in/dcA5kbwb. We are committed to continuing our in-depth analysis and coverage of essential developments in the field of crypto compliance. We value your insights and invite you to share your perspectives on this evolving story in the comments below. #CryptoCurrency #MoneyLaundering #Compliance #AML #Samourai