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In today's world, the use of cryptocurrencies involves high profits and high risks associated with the inability to track incidents involving them promptly. 
Our company’s mission is to create a secure environment for cryptocurrency holders and participants in the cryptocurrency business.
Investigating Cryptocurrency Incidents.
Crypto-address analytics
AML/KYC solutions
Legal IT consulting 
Interaction with state authorities
Training of crypto-compliance officers
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Helpful materials
The Problem of the use of exchangers by criminals blindfold
Every exchanger faces the problem of money laundering by criminals through its service. When such actions are detected, the exchanger needs to take measures to counter the laundering of funds. If you do not do this, you can become an accomplice to the crime and fall under criminal liability in accordance with criminal law.

Sometimes the crime is not evident at all. This happens because of n insufficient compliance on the side of the exchanger or technically-hard analysis (for example, when using anonymous or difficult-to-analyze cryptocurrencies). In this case, they say that fraudsters use the exchanger blindly.

Although this situation is not an explicit crime, it can significantly ruin an exchanger's life: freezing accounts by exchanges (which tend to have a high level of transaction analytics), problems with law enforcement, which are beginning to understand more and more about blockchain technology.

Is there a solution to this problem?

Yes! And it is the compliance model for OTC exchangers that has been repeatedly implemented by Plainchain. It allows you to reduce the risks of the hidden use of cryptocurrency exchangers by intruders.

Plainchain specialists will be able to set up and implement compliance and KYC/AML/CFT procedures in the shortest possible time, as well as provide protection from the adverse consequences that any crypto-exchanger that is used to working without the implementation of these practices will inevitably face.
The problem of blocking due to ransomware viruses
Ransomware viruses are a severe problem for businesses and institutions around the world. For several years now, the best experts have been looking for ways to combat them. In the area of cryptocurrency payments, such efforts are aimed at combating cash-in and cracking down on exchangers handling contaminated cryptocurrency assets.

Today, cashing out ransomware assets through centralized exchanges is virtually impossible for both the ransomware itself and the OTC exchanges that received such assets from the hands of the ransomware.

The blockchain's transparency and the high level of training of cryptocurrency exchanges' analysts allow the analysis of transactions even in cases where the exchanger was not (and technically could not be) aware of the illicit nature of the funds' formation. The result of such a set of circumstances is often blocking the exchanger's funds on the exchange or freezing the entire account with any assets on it.

How to survive in this situation?

There are two ways:
1. Implement preventive protection of the system by implementing the proper transaction and counterparty verification.
2. Assist in gathering evidence and justification for unlocking previously frozen assets.

Plainchain employees have extensive experience in dealing with such situations and can provide expert-level support to OTC exchanges at any level in resolving such problems.
 Phishing theft of funds
Recently, there have been more and more cases of theft of cryptocurrencies by spoofing sites or interacting with a user under the guise of a technical support employee of a well-known project. Such actions are blatant frauds and are focused on inexperienced users.

Nevertheless, the massive nature and frequency of such phenomena are becoming a pandemic, forcing both cryptocurrency project developers themselves and analytical departments to pay close attention to this problem in blockchain incidents investigations.

Plainchain has extensive experience in analyzing various blockchains to establish the path of funds obtained through phishing, spoofing, and other forms of cryptocurrency fraud and identify the individuals and organizations involved.

The pseudo-anonymous nature of most cryptocurrencies allows, in most cases, to establish a detailed path of assets before their transfer to one VASP (Virtual Asset Service Provider), usually a cryptocurrency exchange.

Collaboration between cryptocurrency exchanges and law enforcement allowed for the return of lost assets to their rightful owners. This increases the level of trust in cryptocurrency assets by individuals and institutional investors.

Plainchain employees perform analytics and tracing of cryptocurrency assets, which allows for a targeted and, most importantly, timely response. We will provide all the necessary evidence base for the further work of law enforcement agencies and courts in full accordance with their official duties.

Blocking of funds on cryptocurrency exchanges
The attention of the state regulators to VASP (Virtual Asset Service Provider), including cryptocurrency exchanges, has been growing exponentially in the last 5 years. This leads to a logical result - the mass blocking of funds for a wide range of users. While in 2016-2017, blocking funds or accounts by a cryptocurrency exchange was more of an exception to the rule, now it has literally become a mass phenomenon.

These events have led to the emergence of dubious offers in the market of near-cryptocurrency services to assist in unblocking such funds or accounts. Sometimes such offers are over the top surrealistic, promising total freeingof ANY funds on ANY exchanges.

How should you feel about such offers, and should you accept them?

We recommend including critical thinking and not listening to promises of a quick and easy solution to such a problem. In order to unblock funds on exchanges and assess the possibility of such unblocking (and there are cases when unblocking cannot actually be done), it is necessary to perform quality blockchain analytics to identify the asset or activity that caused the exchange to block funds or the account of a particular user.

Without such verification, the chance of successful unblocking drops to almost zero. At the same time, it increases the likelihood of wasted work in cases where unblocking is not possible at all for objective reasons.

Plainchain specialists have repeatedly helped users collect relevant data and documents to present them to the cryptocurrency exchange to unblock funds and accounts. More often than not, such claims from exchanges arise concerning exchanges that do not have proper verification of funds and counterparties.

The experience of Plainchain staff allows reducing the processing time of funds unblocking requests and increase the chance of unblocking restrictions due to a detailed understanding of the peculiarities of working with major cryptocurrency exchanges.
ITN 9715405932
Moscow, Presnenskaya nab. 8, bld. 1, room 461m
info@plainchain.ru
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