Know-Your-Transaction (KYT) Procedures: A New Standard for Crypto Compliance
In the early days of crypto, most compliance programs focused heavily on Know Your Customer (KYC)—verifying the identity of users before they could transact. But as crypto adoption grows and regulators raise the bar for anti-money laundering (AML) compliance, it’s no longer enough to know who your users are. You also need to know what […]
Navigating Essential Compliance Standards in Crypto
As the crypto industry matures, so do the expectations around compliance standards. What once operated in a regulatory grey area is now under increasing scrutiny from governments, financial regulators, and institutional partners worldwide. For crypto exchanges, wallet providers, DeFi protocols, and token issuers, compliance isn’t just about avoiding penalties but also crucially involves building trust, […]
Bybit $1.5 Billion Hack: How KYT Analytics Can Help Recover Stolen Funds
All You Need to Know About Bybit’s Hacking Incident On February 21, 2025, Bybit, one of the world’s largest cryptocurrency exchanges, suffered a significant security breach during a cold-to-warm wallet transfer. The attack exploited a vulnerability in custody operations, allowing hackers to drain 401,000 ETH (valued at approximately $1.5 billion). This theft triggered a 4% […]
