CATV, CARA and ICF API now also support Binance Coin (BNB) and Cardano (ADA) wallet addresses!
Singapore, 27 November 2020 — We are happy to share that the Crypto Analysis Transaction Visualization (CATV), Crypto Analysis Risk Assessment (CARA) and the Interactive Cooperation Framework (ICF-API) tools now also support Binance Coin (BNB) and Cardano (ADA) wallet addresses! The support for these 2 networks is added to the already existing capabilities for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), TRON (TRX), EOS (EOS), Stellar (XLM), Ripple (XRP) and Bitcoin Cash (BCH). Users of all these networks can now register for access to the Sentinel Portal and start tracking or checking the risk score of the desired wallet addresses. The tools not only enable the access to the Threat Intelligence Database (TRDB) that contains over 52 Million crowdsourced security indicators, but are also strong pillars in fighting Anti-Money Laundering as well as meeting Regulatory Compliance requirements.
Together with the addition of these 2 networks, we are also happy to share that starting today the Sentinel Portal is also available in Korean language!
About the Crypto Analysis Transaction Visualization (CATV)
The Uppsala Security tool called Crypto Analysis Transaction Visualization (CATV) is a forensic tool providing crypto transaction flows, both upstream and downstream of a user selected wallet. With CATV, a user can track, analyze, monitor, and visualize crypto transactions graphically displaying the flow of tokens and the type of wallets those tokens interact with. CATV enables its users to look for suspicious transaction behavior, such as that of tumbling, mixing, and/or interaction with a wallet address that has been blacklisted or classified as a suspicious wallet in Uppsala Security’s Threat Intelligence Database (TRDB). Based on these capabilities, the CATV tool can enable its users to avoid inadvertently making transactions with known cybercriminals and thus unwittingly participating in Money Laundering or Terrorist Financing as well as to quickly investigate past incidents in detail. Queries entered by a user run as a batch process that continuously analyses any crypto addresses that have been submitted by users working with CATV’s GUI or API interface.
About the Crypto Analysis Risk Assessment (CARA)
The Uppsala Security tool known as Crypto Analysis Risk Assessment (CARA) is an intuitive to use solution that generates a Risk Score for a user selected crypto address by applying Machine Learning algorithms that leverage knowledge learned from behaviors exhibited by known malicious wallets and normal safe wallets. Users with an active annual subscription can access CARA on an on-demand basis and enter queries about a specific wallet address. Those queries run as a batch process which continuously analyses any crypto addresses that have been submitted using the system’s GUI or its API interface. The tool is also compliant with the Risk-Based Approach (RBA), as recommended by the Financial Action Task Force (FATF).
Capabilities of the Interactive Cooperation Framework (ICF) API
The Interactive Cooperation Framework (ICF) API developed by Uppsala Security is a RESTful API designed to integrate with financial software applications or real-time query applications to enhance regulatory compliance capabilities and to protect digital assets, including cryptocurrencies, from malicious threats, scams, and fraudulent transactions. Before completing with a planned transaction, the ICF API enables an application program to dynamically query Uppsala Security’s Threat Reputation Database (TRDB) and check whether or not specific wallet addresses, URLs, URIs, or social accounts are classified as safe for transaction and other types of interaction. At the same time, the ICF API enables ready access to risk labels and risk scores, and within milliseconds of receiving a request, the TRDB sends a response to the source of the query. Depending on the type of response, a pending transaction with a blacklisted wallet could possibly be immediately rejected and thus terminated. If the alert level is low or safe, the transaction would be allowed to process. For medium alert levels, a warning could be broadcast to the user advising caution.
Interested in any of the products mentioned above? Join us through the Sentinel Portal or contact us directly here.
