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CipherTrace expands to cover Binance Smart Chain amid wave of exploits

Published 05/27/2021, 11:00 PM
Updated 05/28/2021, 12:40 AM
CipherTrace expands to cover Binance Smart Chain amid wave of exploits

Cryptocurrency and blockchain intelligence company CipherTrace has announced analytics support for Binance Smart Chain (BSC) amid a rise in attacks and vulnerabilities on protocols running on the network.

In an announcement on May 27, the firm stated that it aims to identify higher-risk financial transactions taking place on BSC and its decentralized applications which now number more than 600. CipherTrace already tracks the activity of over a thousand digital assets. Dave Jevans, CEO of CipherTrace, stated that once support for a blockchain is added, the firm can add analytics for all applications built on that network.

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