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Blockchain Intelligence Group Announces Growth Milestones
Friday, February 3, 2023
Crypto investigation and training leader grows customer ecosystem, offering and employee base heading into 2023
Vancouver, BC, February 3, 2023--(T-Net)--Blockchain Intelligence Group, a leader in blockchain investigations and training, announced this week that it has achieved significant company and industry milestones in global crypto investigations.
The company says it added new customers, including enabler of real-time clearing and Embedded Banking for financial institutions ClearBank Ltd., additional blockchain support, and new leadership hires.
Lance Morginn, President, Director & Co-Founder, BIGG Digital Assets Inc.
"Growing security concerns, fraud and other nefarious activity have driven demand for crypto investigations tools and training," said Lance Morginn, president at Blockchain Intelligence Group. "By equipping the investigator community with comprehensive tools coupled with education, we can ensure the continued trust and adoption in crypto and blockchain. Blockchain Intelligence Group stands ready to build on this forward progress and act as a resource as the industry matures, and there's more to come."
Notable investigations leveraged Blockchain Intelligence Group's QLUE globally and helped win two major court cases, resulting in tens of millions in dollars in assets recovered for clients in Europe and Africa. In fact, in South Africa the solution helped set crypto asset seizure case law. The court used QLUE™ evidence to issue preservation orders that proved crypto assets belonged to the defendants.
In Norway, an independent investigator, Adcudo, made use of QLUE™ to uncover 220 Bitcoin and a mix of altcoins held in cold storage for half a decade - claimed to have been lost. At its highest valuation in November 2021, a few months before the court date, the combined value of the cryptocurrencies surpassed US $15M, making this the largest cryptocurrency case by monetary value to ever reach the courts of Norway.
The Adcudo consultant and expert witness to the case stated, "QLUE made it possible to uncover the transaction pattern that made the case, and to create a visual presentation for the court which was vital in relaying this essential information."
Blockchain Intelligence Group also said it has signed notable customers in the areas of finance, investigation and law enforcement, including financial innovators ClearBank, dozens of federal, state/province and local police and prosecuting offices in the US and internationally.
"ClearBank announced Blockchain Intelligence Group as our vendor to mitigate crypto risk for our customers using Entity Explorer and BitRank Verified," said Farhad Chowdhury, head of financial crime operations at ClearBank. "Blockchain Intelligence Group is the ideal partner. The support from their team is outstanding and we are closely aligned in our missions to provide safe and secure banking services to the cryptocurrency world."
The company also added several independent investigators as clients, such as Guideposts Solutions, a global leader in compliance, investigations and security consulting. Guidepost added QLUE™ to its digital asset tracing toolbox.
Blockchain Intelligence Group added support for new blockchains in 2022, including Cardano, Stacks, Doge, Monero, Zcash and more. By expanding its ecosystem of supported blockchains, Blockchain Intelligence Group is able to better serve its investigastors in their efforts to follow transactions wherever they may lead.
Most recently, the company launched TRON (TRX) in QLUE™, and now supports 15 blockchains. The company has risk scored more than 13.7B addresses and transactions covering approximately 500,000 tokens, digital assets, and NFTs.
Blockchain Intelligence Group became the first blockchain analytics company to fully support NFTs. The NFT Explorer enables investigators to fully search trading and ownership history of NFTs on Ethereum.
Blockchain Intelligence Group recently added new expertise to bring added regulatory and compliance expertise with the hire of Timothy Cradle as Director of Regulatory Affairs. Cradle has nearly fifteen years' experience as a financial crimes compliance officer with a background in the payments, banking, cryptocurrency, computer, and network security industries. He previously served as Chief Compliance Officer at Baanx Group Ltd. and held several compliance roles during his time at Celsius Network from 2019 to 2021, in addition to his wealth of previous compliance experience.
"I'm ready to help drive Blockchain Intelligence Group's mission to be the number one crypto investigation and training company that serves global and financial institutions, law enforcement, cryptocurrency companies, and financial investigators," said Cradle. "This skillset will be particularly important as regulatory requirements develop."
Learn more about blockchain investigations and training at https://blockchaingroup.io/
Forward-Looking Statements Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIGG's expectations include, consumer sentiment towards BIGG's products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations. [ MORE ] |
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