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Risk Management

Announcements Anti-fraud and anti-money laundering Industry & Market Trends XREX Products

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#Risk Management

Industry & Market Trends

10/11/2022

Systemic risk following Binance and FTX saga: More major crypto exchanges needed

In the aftermath of a liquidity crisis, FTX agreed to a non-binding letter of intent (LOI) allowing Binance to acquire FTX. The deal was ultimately abandoned by Binance, citing the results of its due diligence. As one of the giants of centralized exchanges (CEX), the news of FTX’s downfall has caused widespread… Read More

Industry & Market Trends

30/09/2022

Are stablecoin issuers ready to meet regulatory scrutiny?

Lawmakers and regulators around the world have been racing to craft rules and regulations for stablecoins, and the recent collapse of the Terra UST algorithmic stablecoin has served as a tailwind to push the agenda forward. At a supranational level, the Financial Stability Board (FSB) was compelled to release a statement and… Read More

Industry & Market Trends

01/09/2022

What Did Crypto Lending Platforms Do with Your Money?

The recent crypto market turmoil has been headlined by a series of cascading events, including the collapse of Terra UST and the failure of famed hedge fund, Three Arrows Capital (3AC). Most notable and perhaps most impactful is the rash of distressed centralized crypto lending platforms, which have disproportionately caused… Read More

Anti-fraud and anti-money laundering

29/08/2022

Web 3.0 Information Security Guide — What You Need to Know about Blockchain Threats

There’s plenty of buzz around Web 3.0 and innovations in blockchain and cryptocurrencies, but few understand the hidden risks of this technology. As it is still emerging, widespread misuse raises concerns about fraud, money laundering, and hacking. In this article, the XREX information security team will introduce information security in… Read More

Announcements

10/08/2022

XREX CSO Publishes Web3 Open-source Tools to Enhance Smart Contract Development Security

Author / Sun Huang, Chief Security Officer at XREX Inc. As the Chief Security Officer of XREX, I started blockchain Web3 security internal training in March to improve our know-how in Web3 security analytical skills, and also blockchain and cryptocurrency anti-money laundering (AML) threat analysis. We started by hosting a few internal… Read More

Industry & Market Trends

04/08/2022

SEC Hunger Games: Coinbase has been chosen, who’s next?

In July 2022, the US Securities and Exchange Commission (SEC) announced insider trading charges against a former Coinbase employee and his two associates. The three defendants allegedly front-ran public listing announcements on the Coinbase exchange and generated $1.1 million USD in illicit trading profits. The insider trading charges alone might barely make… Read More

Industry & Market Trends

19/07/2022

Crypto regulation takes shape with bipartisan Lummis-Gillibrand bill

The long-awaited and highly-anticipated crypto bill Responsible Financial Innovation Act championed by Senator Cynthia Lummis (R-WY) was introduced as a bipartisan proposal co-sponsored by Senator Kirsten Gillibrand (D-NY). The ambitious and comprehensive bill contains several key pillars including regulatory oversight, clarification of definitions and taxation, and banking and payment stablecoins. Read More

Announcements

21/04/2022

Ex-Fed Risk Specialist Michael Shing joins XREX as Director of Risk Management

Blockchain neo fintech company XREX Inc. announced today that Michael Shing onboards as its Director of Risk Management. Shing spent more than a decade with the Federal Reserve branches in San Francisco and New York, first as an analyst and then a senior risk specialist. Prior to his time with… Read More

Announcements

14/10/2021

XREX and TRM Labs jointly Announce Partnership to Bolster Platform Security

Implementation of TRM Labs’ tools further strengthens XREX’s ability to monitor transactions to ensure a clean and secure ecosystem Taipei-headquartered neo fintech XREX Inc. partners with TRM Labs to bolster platform security Taipei, Taiwan, October 14 — XREX Inc, the Taipei-headquartered neo fintech, today announced it has implemented a full suite of… Read More

Anti-fraud and anti-money laundering

07/11/2020

Disclosing Nigerian Crypto Scam Group “Operation N-Fiverr”

Yesterday the XREX secops team noticed an AML alert — one of our users tried to withdraw funds into wallet: 1BT5vBb9WKudUAX51jiWi3pAawobD3mZwM; our system blocked this withdrawal due to its high CipherTrace risk score. (Also published on Hacker Noon) Nigerian Crypto Scam Group launched more than 30 different scam websites. [Investigation Summary] ======= Victims: 1000+ people from worldwide,… Read More

Blog

Keep up with XREX

Search

#Risk Management

Industry & Market Trends

10/11/2022

Systemic risk following Binance and FTX saga: More major crypto exchanges needed

Industry & Market Trends

30/09/2022

Are stablecoin issuers ready to meet regulatory scrutiny?

Industry & Market Trends

01/09/2022

What Did Crypto Lending Platforms Do with Your Money?

Anti-fraud and anti-money laundering

29/08/2022

Web 3.0 Information Security Guide — What You Need to Know about Blockchain Threats

Announcements

10/08/2022

XREX CSO Publishes Web3 Open-source Tools to Enhance Smart Contract Development Security

Industry & Market Trends

04/08/2022

SEC Hunger Games: Coinbase has been chosen, who’s next?

Industry & Market Trends

19/07/2022

Crypto regulation takes shape with bipartisan Lummis-Gillibrand bill

Announcements

21/04/2022

Ex-Fed Risk Specialist Michael Shing joins XREX as Director of Risk Management

Announcements

14/10/2021

XREX and TRM Labs jointly Announce Partnership to Bolster Platform Security

Anti-fraud and anti-money laundering

07/11/2020

Disclosing Nigerian Crypto Scam Group “Operation N-Fiverr”

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