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.