Draft:AMLBot
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Last edited by Qwerfjkl (bot) (talk | contribs) 27 hours ago. (Update) |
AMLBot
[edit]AMLBot is a blockchain analytics and cryptocurrency compliance company founded in 2019. The company provides anti-money-laundering (AML) wallet screening, transaction monitoring, know-your-customer (KYC) verification, and blockchain investigation services, and operates a cryptocurrency asset recovery practice.[1]
History
[edit]AMLBot was launched in 2019 as a Telegram-based bot that allowed users to check cryptocurrency wallet addresses for exposure to illicit funds.[1] The company subsequently expanded into business services, adding a developer API, continuous transaction monitoring (known as KYT, "know your transaction"), and KYC/KYB identity verification, and later established an in-house investigations department focused on tracing stolen cryptocurrency.[1]
The company was co-founded by Viacheslav (Slava) Demchuk, who serves as chief executive officer.[2] AMLBot operates through legal entities in Hong Kong (Safelement Limited) and Lithuania (Safe3 UAB).[1]
In 2025, AMLBot joined LazarusBounty, an initiative launched by the cryptocurrency exchange Bybit to trace and freeze funds stolen in attacks attributed to state-sponsored groups, where the company appears on the program's public bounty-hunter leaderboard.[3]
Investigations and research
[edit]AMLBot's investigation team traces stolen cryptocurrency on behalf of victims of theft and works with exchanges to freeze identified funds. Its casework has been covered by cryptocurrency news outlets: Decrypt reported on an AMLBot investigation into a so-called "proximity breach," in which a former crypto executive lost US$450,000 after an acquaintance compromised his device through a Wi-Fi connection, with the funds subsequently traced to an exchange account and frozen.[4] Decrypt also cited AMLBot's analysis of an address-poisoning scam in which a victim lost approximately US$700,000 in stablecoins.[5]
The company publishes research on cryptocurrency crime and stablecoin policy. Its 2025 crypto crime report, based on roughly 2,500 internal investigations, found that about 65% of the incidents it reviewed were driven by social engineering — such as compromised devices and weak verification — rather than technical exploits of blockchains or smart contracts; the findings were reported by Cointelegraph, which noted the company's caveat that the data reflects its own casework rather than an industry-wide measure.[6]
AMLBot's comparative analysis of address-freezing practices by stablecoin issuers Tether and Circle between 2023 and 2025, published alongside a public data dashboard, was cited in legal commentary published by Bloomberg Law discussing stablecoin regulation under the GENIUS Act.[7]
It was also cited in cryptocurrency media coverage of stablecoin compliance.
- ^ a b c d "Crypto Compliance Solutions for AML Monitoring and Risk Detection". AMLBot. Retrieved 2026-07-30.
- ^ "AMLBot Says Social Engineering Drove 65% of Crypto Incidents in 2025". Cointelegraph. Retrieved 2026-07-30.
- ^ "LazarusBounty Leaderboard". LazarusBounty. Retrieved 2026-07-30.
- ^ Gladwin, Ryan S. (2024-10-22). "Crypto CEO Loses $450K to 'Best Friend' After Connecting to His WiFi". Decrypt. Retrieved 2026-07-30.
- ^ Gladwin, Ryan S. (2025-04-25). "Crypto User Loses $700,000 To Address Poisoning Scam—Here's What Happened". Decrypt. Retrieved 2026-07-30.
- ^ "AMLBot Says Social Engineering Drove 65% of Crypto Incidents in 2025". Cointelegraph. Retrieved 2026-07-30.
- ^ Tarras, David (2026-03-06). "Stablecoin Oversight Poses Challenges as Digital Currency Grows". Bloomberg Law. Retrieved 2026-07-30.