Insights from the front line of crypto compliance.

Hoptrail has partnered with Weatherbys Bank to enhance crypto HNWI onboarding with Hoptrail's advanced wealth analytics and due diligence tools.

The new version of our wealth analytics platform features significant upgrades across our source of wealth tools. These enhancements deliver a faster, cleaner user experience with deeper, more relevant risk analytics.

Crypto HNWIs are a new breed of prospect for many banks. This post examines who crypto HNWIs are, how they built their wealth, and how to engage them effectively.

A month into our launch of Cases, we've already strengthened the solution with richer data and clearer tooling. We look at the new features and upcoming upgrades for Cases.

Six years ago, I struggled to buy a home with legitimate crypto proceeds — a problem shared by thousands of investors and banks unable to verify digital wealth. That experience led to Hoptrail. Today, we’re launching Cases, a platform giving compliance teams real-time, actionable source of wealth analytics for crypto onboarding.

Hoptrail’s Crypto Source of Wealth reports explain how crypto wealth was created - providing clear, compliant, plain-English narratives for regulated institutions assessing financial crime and source of funds. Take a look at this handy guide to find out more about the reports and Hoptrail's process.

Onboarding crypto HNWIs poses unique compliance challenges for banks. From complex, fast-moving portfolios to the use of mixers, defunct exchanges, and high-frequency strategies, traditional frameworks fall short. This guide highlights key headaches and offers practical solutions to help compliance teams at regulated institutions adapt and confidently serve crypto’s new wealthy elite.

Hoptrail’s onboarding guide sets out the best practices and key tips for building a fast, efficient onboarding flow that can unlock new opportunities with wealthy crypto prospects.

In April, Hoptrail achieved ISO 27001 certification and established a data environment in Zurich to support our growing engagement with Swiss financial institutions.

With the onset of a new generation of wealthy crypto investors, traditional regulated services are turning to the blockchain to solve customer onboarding headaches.

Hoptrail's risk rankings of key players in the cryptocurrency sector shows widespread AML improvements - from fewer regulatory actions to more licenses and a wave of new VASP regimes.

Our founder, Henry Burrows, spoke this week with Oliver Radway, Senior Enforcement Associate at Deminor, a leading global litigation funder, as they explore the landscape of crypto litigation and investigative tools that support asset tracing on the blockchain.

Hoptrail completes secondary market transaction on crypto investment platform Echo.xyz at a $5.85 million valuation

As crypto adoption climbs and wealth generation increases, banks are facing source of funds headaches which may be driving de-banking among crypto investors

Hoptrail and Hypernative have partnered to share high-risk on-chain data to enhance crime fighting and detecting capabilities.

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 issues sanctions on crypto addresses as part of wider efforts from allies to crack down on crypto use by terrorist groups

A consortium including Hoptrail and led by UK crypto tax software provider Recap has secured a £300,000 Innovate UK grant to build crypto onboarding and AML tools for professional services.

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.

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

Blockchain Coinvestors Partner Mitch Mechigian joins Hoptrail as Strategic Advisor.

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.

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

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

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

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.

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.

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

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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

Hoptrail’s AML Leaderboards featured in Tech In Asia

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

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.

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.

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-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.

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

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.

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.

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?

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

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.

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?

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

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

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?

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.

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.

Hoptrail featured in Property Week discussing crypto source of funds analytics

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.

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

Hoptrail's analysis on the collapse of Terra in The Block

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

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.

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’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.

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

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.

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.

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.

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! 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!