Hoptrail Blog

Hoptrail Intelligence: Real-Time Risk Alerts on Wallets & VASPs

April 17, 2024
Alerts is the latest feature in the Hoptrail crypto compliance toolkit, designed to ensure users stay on top of counterparty risk issues in real-time.We are thrilled to announce the release of Alerts, our real-time risk monitoring tool for cryptocurrency wallets and Virtual Asset Service Providers (VASPs).

HM Treasury applies first-ever crypto sanctions amid coordination with US and Israel

April 9, 2024
HM Treasury issues sanctions on crypto addresses as part of wider efforts from allies to crack down on crypto use by terrorist groups

Navigate Crypto with Confidence

February 19, 2024
Hoptrail's new website underscores our mission to ensure institutions are navigating crypto with confidence, whether its source of funds analysis, tracing, or undertaking VASP diligence.

Crypto HNWIs: analysing the wealth of the next generation

February 7, 2024
Hoptrail features in Private Banker International magazine discussing the tools and requirements for onboarding the growing number of young crypto HNWIs.

Welcoming Strategic Advisor Mitch Mechigian

January 4, 2024
Blockchain Coinvestors Partner Mitch Mechigian joins Hoptrail as Strategic Advisor.

Binance: Lessons from the world’s most regulated exchange

November 22, 2023
Despite being the world’s most regulated exchange, Binance’s legacy continues to haunt it. Hoptrail examines how AML data can highlight concerns with internal procedures.

Recap and Hoptrail announce strategic partnership to revolutionise crypto wealth analytics and compliance

September 19, 2023
Hoptrail is joining forces with Recap to transform the landscape of wealth analytics and compliance in the crypto industry.

Hoptrail Intelligence: Partnerships, Property, and Data

August 17, 2023
Hoptrail announces two new partnerships to expand SoW analytics globally, and significantly expands its tagged wallet datasets.

Hoptrail and Bitcashier partner to expand crypto SoW tools across property, yachts and luxury goods

August 7, 2023
Hoptrail has partnered with crypto payments firm Bitcashier to expand crypto SoW tools across property, yachts and luxury goods segments.

Gen Z, crypto and getting on the property ladder

August 4, 2023
Our CEO, Henry, discusses the investment trends across GenZ and how crypto is being used to access the housing ladder, and how blockchain's compliance potential may be utilised to facilitate that.

Crypto AML Leaderboards: Quarterly Review

July 26, 2023
Our latest quarterly review delves into the regulatory, integrity and licensing issues affecting VASPs across the ecosystem, plus all the latest movers and shakers on our AML Leaderboards.

DeFi: hard security lessons from exchange hacks

July 25, 2023
The hard-earned lessons of exchange hacks in the last few years have driven a better culture around security… and DeFi is learning fast.

The crypto onboarding kit: on-chain AML checks and client checklists

June 21, 2023
Onboarding crypto clients is easier than ever. For traditional regulated services coming into contact with crypto clients, we provide a tool kit to get you started and a compliance checklist to ensure you’re asking the right questions.

Crypto adoption surges in the UK while sensible regulation firms up

June 14, 2023
Crypto ownership is now close to 10% in the UK, led by Gen-Z and millennials who are spearheading adoption. All this while regulators set out sensible pathways for digital assets points to positive steps in the UK in contrast to the US.

The blockchain as a powerful compliance ally

June 6, 2023
Crypto hacks are down significantly in 2023. Security measures and swift law enforcement action have contributed to this trend, but the growing realisation that the blockchain can be harnessed as a powerful compliance ally is having the biggest impact.

On-Chain Data: No jargon. Just clear risk analysis.

June 1, 2023
Our goal is to win the trust of traditional regulated firms, and for them to harness the blockchain as a compliance tool. That is why we are building and curating not just the world’s largest risk data sets, but the most accurate too.

Venture introduces revolutionary crypto due diligence and analytics

May 3, 2023
Hoptrail has partnered with Hotovo, a leader in augmenting teams with exemplar agile and scrum software development teams, to accelerate their software development and to enhance their methods & capabilities.

On-chain Onboarding: tentative approaches to crypto customer vetting

April 20, 2023
The recent announcement from the Monetary Authority of Singapore on vetting crypto customers might be the first tentative steps to utilising blockchain analysis in the client onboarding process.

Proof of Assets: exchange holdings and cold storage moves

April 5, 2023
In a post-FTX world, proof-of-assets is more important than ever. We take a dive into data taken from our Solvency Transparency index to look at the financial health of exchanges, their assets, and some hefty, unexpected cold storage movements.

Analysing Crypto Fund Flows Between Entities

March 27, 2023
Examining the flow of funds between entities is critical for robust crypto source of funds analysis. That is why Hoptrail allows its users to scrutinise transfers between two counterparties, enabling them to get to grips with a narrative, understand how wealth was generated, and pinpoint potential concerns.

Crypto Onboarding? Five Key Considerations

February 22, 2023
Getting crypto onboarding right can save time, effort and resources, and empower financial institutions to access and serve a new generation of wealthy crypto investors. Following our partnership with Raion Labs to expand crypto onboarding across Asia, we review five key compliance considerations.

Solvency Transparency: Measuring and rating the financial health of crypto exchanges

February 15, 2023
In the wake of FTX’s collapse, the market has been scrambling to restore trust through proactive financial disclosures. Hoptrail has used this data to create a first-of-its-kind solvency transparency index which measures the financial health of cryptocurrency exchanges in real time.

Saffery Champness Offshore partners with crypto diligence firm

February 14, 2023
Hoptrail’s partnership with Saffery Champness was covered by ePrivateClient, a magazine for professional advisors.

Use Case: HNWI crypto onboarding with Hoptrail and Saffery Trust

February 6, 2023
Hoptrail’s partnership with Saffery Trust is part of a wider push to provide onboarding services to crypto investors globally, helping to verify their sources of funds and protect and grow digital asset wealth.

Hoptrail and Raion Labs: Partnering to Provide Cryptocurrency Source of Funds and Onboarding Tools across Asia

February 2, 2023
This strategic partnership brings the power of the Hoptrail platform to Raion Labs’s holistic solutions for industry- leading crypto investigations, due diligence, risk and compliance assessments.

ShapeShift Hack: intertwining thefts & multi-year mixing

January 4, 2023
For several years after consecutive hacks on ShapeShift, stolen funds continued to move through the ecosystem. A retrospective on events since 2016 shed light on the possibility that the two hacks are connected.

FTX: The Art of Compliance Theatre

December 22, 2022
In the aftermath of FTX’s fall, we consider how the exchange deployed compliance theatre to hide loopholes, and how our upcoming disclosure scoring can monitor those risks.

Launching: Crypto AML Leaderboards

December 6, 2022
Transparency is more important than ever in crypto. That’s why we are launching Leaderboards, which scores and ranks 700+ VASPs across the ecosystem and showcases how well they are responding to and dealing with financial crime risks.

Crypto.com, Independent Reserve in top 5 for strong AML; Binance places 42nd

November 28, 2022
Hoptrail’s AML Leaderboards featured in Tech In Asia

Source of funds: Wallet Relationships

November 16, 2022
Hoptrail’s recent upgrades allow users to scrutinise relationships between wallets and addresses, providing deeper analysis for those seeking onboarding and detailed AML insights.

Digital asset trusts in practice

November 10, 2022
Hoptrail's CEO Henry Burrows participated in a STEP webinar on digital assets and trusts. Guests included crypto experts from law firm Walkers and global fiduciary Saffery Champness.

Stolen NFTs Part 2: A Nexus of Big Accounts

November 2, 2022
Hoptrail data shows the value of transactions of stolen or suspicious NFTs has exceeded $140 million since May 2021. These trades are driven by a handful of large accounts, many of whom are connected through their illicit activity.

Stolen NFTs Part 1: the rise of theft

October 19, 2022
In this multi-part series, we explore the rising issue of stolen NFTs. We lift the veil on the collections, accounts, and eye watering sums involved, and identify some of the crypto sector’s most prolific thieves.

The re-rise of AlphaBay: a decentralised darknet market

October 7, 2022
The re-emergence of AlphaBay is disrupting the darknet marketplace ecosystem through decentralisation, privacy, and innovation. But the effects - and risks - will be felt across the crypto industry.

Fintech 🧠 Food - Fintech Infrastructure Wars, FTX Acquirers Voyager Assets & how Jamie Dimon resolved an age old payments issue

September 27, 2022
Hoptrail was profiled in Simon Taylor’s fantastic ‘Fintech Food’ blog as a fintech to watch. Thanks Simon!

Wintemute Hack: Vanity Affair

September 23, 2022
The characteristics of the Wintermute hack point to vulnerabilities in address formats used by the market maker. That bug - recently publicly disclosed - led to the theft of $160 million in DeFi tokens.

OFAC Sanctions: IRGC-Affiliated Cyber Actors

September 21, 2022
The most recent sanctions designations from OFAC includes six Bitcoin addresses tied to affiliated of Iran’s Revolutionary Guard, who were involved in repeated ransomware attacks against US infrastructure.

KYC: Combatting Russia’s crypto influence

September 6, 2022
Russia’s longstanding and widespread involvement in crypto presents challenges to the West. Amid concerns that cryptocurrencies are being used to circumvent sanctions, can VASPs utilise KYC to root out illicit activity?

Crypto compliance: The next AML risk frontier

August 24, 2022
Hoptrail participated in a webinar hosted by Thirdfort on cryptocurrency AML, alongside Coinbase and Kingsley Napley

Pivot: How Binance changed its compliance strategy

August 19, 2022
Binance is now among the most licensed exchanges globally. Their focus on compliance is not just a strategic goal for the world’s largest exchange, but a commercial and reputational necessity to stay ahead of the pack.

Tornado.Cash: Sanctioning a smart contract

August 10, 2022
OFAC’s recent sanctioning of Tornado Cash included the description of a smart contract as an organisation. Is this the first step towards categorising code as a person or legal entity in the fight against illicit crypto finance?

Learning About Audits and Security of Crypto Funds With Hoptrail

July 8, 2022
Hoptrail was featured in BSCNews discussing how its crypto audits help people and businesses move assets between crypto and the real world.

Twitter Spaces: The importance of crypto source of funds!

July 7, 2022
Hoptrail CEO Henry Burrows joined BSC News on Twitter Spaces to talk about the company’s source of funds work for property buyers.

A legacy of perception: inflated risk in crypto and the Walmart comparison

July 6, 2022
The legacy of Silk Road and MtGox continue to leave crypto battling against the sector’s perceived riskiness. As there is nothing about crypto which inherently creates more theft, why is it so hard to shake the perception?

Singapore’s two speed crypto ecosystem

July 4, 2022
In Singapore, some of the world’s best regulated exchanges are up against those without any licenses at all. This has caused a divergence in compliance processes that may impact the jurisdictions’ standing as a crypto hub.

BadgerDAO exploit: illustrating Celsius’ poor controls

June 17, 2022
Looking back on some of the key events in Celsius’ short history shows a series of events that cast light on how the lender was run. At the centre is the manner in which Celsius lost $50 million in the 2021 BadgerDAO exploit.

How can property buyers get a handle on cryptocurrency deals?

June 1, 2022
Hoptrail featured in Property Week discussing crypto source of funds analytics

Analytics in a multi-asset, multi-venue, multi-chain world.

May 30, 2022
Crypto trading is increasingly complex.  The breadth of options means investors can quickly end up with a sprawling portfolio of assets, and issues when transitioning back to fiat.  But there are steps an investor can take to help smooth the process.

OFAC Adds Crypto Mixer ‘Blender.io’ To SDN List

May 16, 2022
Recent US sanctions sheds light on the murky world of crypto mixing services and their use by actors in crypto heists.

Celsius pulled half a billion dollars out of Anchor Protocol amid Terra chaos

May 13, 2022
Hoptrail's analysis on the collapse of Terra in The Block

Onboarding crypto investors with blockchain tools

May 11, 2022
Hoptrail featured in Solicitors Journal on how to help law firms onboard crypto investors using blockchain tools

Blocked by a stablecoin provider?

May 9, 2022
Blocked addresses on Ethereum are becoming more prevalent. But what are they and why are they banned? More to the point, who is enforcing this activity? To answer these questions, Hoptrail has put together a note on what blocked addresses are all about.

Ethereum Scam Checker

April 27, 2022
Have you ever wanted to check your Ethereum wallet for potential red flags? Well now you can! ethscamcheck allows for free, quick, and easy searches of addresses to find out if they’ve been exposed to high-risk counterparties.

Hydra: A Beast of the Darknet

April 11, 2022
Hydra’s takedown showed that even the best run marketplaces don’t last.  But a look under the hood shows unique structures that allowed it to become a beast of the illicit online trade.

“Sounds nice, but there isn’t much substance to it”: Crypto firms respond to HM Treasury

April 11, 2022
Hoptrail was quoted in AltFi on the Treasury’s renewed effort to regulate the crypto sector.

Crypto Onboarding: Six Key Considerations

April 4, 2022
A new generation of crypto millionaires is creating onboarding headaches for traditional finance. Blockchain analytics provides the answer to these issues if used in the right way. We provide six areas to look out for with crypto-focused due diligence.

Ukrainian Crypto Donations Top $60 million

March 28, 2022
Crypto donations to Ukraine have exceeded $61 million, with $48 million deposited to government wallets. But the proliferation of such services increases the risk of fraudulent activity.

Crypto doesn’t need to be complex

March 18, 2022
Indecipherable crypto jargon adds to the perception that the sector is difficult to understand. But by recognising that every wallet tells a story, simplification is possible.

Our Origin Story

February 9, 2022
In 2019, our CEO wanted to use crypto proceeds for a house purchase. It set alarm bells ringing with the solicitor, who said that crypto earnings could not be accepted under any circumstances. So, he set about solving this issue and Hoptrail was born.

Welcome to Hoptrail

June 19, 2019
Welcome! This blog is where you will find our thoughts on crypto and blockchain as well as updates on the company, our products, and our great clients. But to kick things off, here is a bit about us and our mission at Hoptrail!