{"id":43351,"date":"2021-05-28T11:22:53","date_gmt":"2021-05-28T08:22:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43351"},"modified":"2025-08-31T03:15:04","modified_gmt":"2025-08-31T00:15:04","slug":"ciphertrace-to-track-transactions-on-binance-smart-chain","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ciphertrace-to-track-transactions-on-binance-smart-chain\/","title":{"rendered":"CipherTrace to track transactions on Binance Smart Chain"},"content":{"rendered":"<p>CipherTrace, an analytics firm, has added Binance Smart Chain (BSC) to its systems for tracking illicit activity on the network.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">CipherTrace now supports <a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@binance<\/a> Smart Chain!<\/p>\n<p>Illicit activity can now be detected seamlessly on Binance Smart Chain and its corresponding dApps.<\/p>\n<p>Read more from <a href=\"https:\/\/twitter.com\/decryptmedia?ref_src=twsrc%5Etfw\">@decryptmedia<\/a>: <a href=\"https:\/\/t.co\/HSpLF1sWUN\">https:\/\/t.co\/HSpLF1sWUN<\/a><a href=\"https:\/\/twitter.com\/hashtag\/SmartChain?src=hash&#038;ref_src=twsrc%5Etfw\">#SmartChain<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/CipherTrace?src=hash&#038;ref_src=twsrc%5Etfw\">#CipherTrace<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BSC?src=hash&#038;ref_src=twsrc%5Etfw\">#BSC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Blockchain?src=hash&#038;ref_src=twsrc%5Etfw\">#Blockchain<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/AML?src=hash&#038;ref_src=twsrc%5Etfw\">#AML<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Compliance?src=hash&#038;ref_src=twsrc%5Etfw\">#Compliance<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&#038;ref_src=twsrc%5Etfw\">#DeFi<\/a><\/p>\n<p>\u2014 CipherTrace (@ciphertrace) <a href=\"https:\/\/twitter.com\/ciphertrace\/status\/1398051621863628806?ref_src=twsrc%5Etfw\">May 27, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In an interview with Decrypt, CipherTrace CEO Dave Jevans noted that CipherTrace tools allow analysing transactions on a given blockchain and interact with applications within that network.<\/p>\n<p>Binance&#8217;s Chief Compliance Officer Samuel Lim stated that adherence to international anti-money-laundering rules is of paramount importance to the company.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIn the long run, this addition of Binance Smart Chain to CipherTrace\u2019s systems will bolster trust in BSC and strengthen partnerships in fiat and regulated services,\u201d Lim said.<\/p>\n<\/blockquote>\n<p>Earlier, CipherTrace analysts reported that in 2021 the DeFi sector\u2019s theft volume reached <a href=\"https:\/\/forklog.com\/en\/news\/ciphertrace-hackers-stole-156-million-from-defi-protocols-in-2021\">a record $156 million<\/a>.<\/p>\n<p>During May, several projects operating on the BSC were targeted: early in the month, an unknown actor drained liquidity from the DeFi protocol Spartan by around $30 million; later, xToken lost $25 million; bEarn Fi \u2014 around $11 million.<\/p>\n<p>The DeFi protocol PancakeBunny&#8217;s token fell by 80% due to the attacker\u2019s actions. The attacker reportedly netted more than $40 million, according to The Block analyst Igor Igamberdiev.<\/p>\n<p>On May 28, two BSC projects \u2014 BurgerSwap and Julswap \u2014 were attacked using flash loans.<\/p>\n<p>As a reminder, in 2020 the analytical firm <a href=\"https:\/\/forklog.com\/en\/news\/elliptic-to-track-transactions-on-binances-blockchain\">Elliptic added the Binance blockchain<\/a> and its native token BNB to cryptocurrency risk-tracking systems.<\/p>\n<p>Read ForkLog bitcoin news in our Telegram \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CipherTrace, an analytics firm, has added Binance Smart Chain (BSC) to its systems for tracking illicit activity on the network.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1307,1911,1515],"class_list":["post-43351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bnb-chain","tag-cipher-trace","tag-tracking"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=43351"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43351\/revisions"}],"predecessor-version":[{"id":43352,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43351\/revisions\/43352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=43351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=43351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=43351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}