Public Key

When we started this podcast just over 2 years ago, Bitcoin ordinals and inscriptions weren’t even born yet and centralized crypto exchanges releasing their own wallets sounded like fanciful thinking at best. But here we are as these new and evolving technologies are leading the evolution of Bitcoin and the cryptocurrency industry at large. In this episode, Ian Andrews (CMO, Chainalysis) sits down with Jason Lau (Chief Innovation Officer, OKX) who shares his insights and observations from his recent global tour, where he attended conferences in New York, Paris, Dubai, and Brazil. Jason highlights the growing momentum and enthusiasm in the crypto and Web3 space, as well as the importance of localizing products and services to cater to diverse user bases. Jason also discusses OK Group's focus on self-custody and the launch of their OKX wallet, which aims to empower users to explore the world of decentralized finance (DeFi). Additionally, he touches on OK Group's Layer 2 network (X Layer), their foray into inscriptions (NFTs on Bitcoin) with a new marketplace and their efforts to cater to institutional clients. Minute-by-minute episode breakdown 2 | Global crypto enthusiasm and regulatory conversations from NYC, Dubai and Brazil 4 | OK Groups International expansion and broad customer base   7 | Advancing transparency and self-custody in crypto exchanges and understanding the evolution of the proof of reserve audits  11 | Embracing Web3 through user-friendly crypto wallets and building a L2 blockchain (X Layer) 16 | The evolving role of crypto exchanges and the impact of DeFi Regulation 22 | Exploring the impact of inscriptions on the Bitcoin network and whether NFTs are Dead 25 | Innovating institutional crypto trading and custody solutions  28 | OKX's upcoming Web3 initiatives with McLaren F1 and Manchester City FC   Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: OKX: Faster, better, stronger than your average crypto exchange Website: Ignite your creativity: X Layer is a ZK-powered layer 2 network Article: About inscriptions and how they're shaping Web3's growth Announcement: OKX has Teamed Up with McLaren Racing to Honor Senna's Legacy in Monaco Blog: Chainalysis in Action: Illicit Residential Proxy Service Shut Down by Law Enforcement, Three Administrators Sanctioned by OFAC Event: TraceDC (Early Bird Ticket Prices available until June 15, 2024) YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Jason Lau (Chief Innovation Officer, OKX) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.

“We swore an oath to uphold the Constitution of the United States… But nowhere in there does it say, 'Oh, except for the internet. We can't go into the internet realm or the crypto realm.” - Tony Moore Cryptocurrency has always been unchartered territory for law enforcement all around the world, but the crypto-related crimes are too big to deny and in this episode, Ian Andrews (CMO, Chainalysis) sits down with Tony Moore (Deputy Sheriff, Los Angeles County Sheriff's Department) who has been teaching the law enforcement community about Bitcoin since the early days.   Tony shares his experiences investigating cases involving crypto, including social media parties, crypto ATM scams, pig butchering and SIM-swapping, while recognizing the challenges of staying ahead of criminals in the ever-evolving crypto landscape. He reinforces the importance of reporting crimes, the challenges of cross-jurisdictional investigations, and the future of blockchain and AI. Minute-by-minute episode breakdown 2 | Childhood dreams of Starsky & Hutch to joining Law Enforcement   4 | Tony Describes his path into teaching other LEAs about internet and then crypto crimes 6 | Cracking Down on social media-advertised Nitrous Oxide (NOS) parties 10 | Early encounters with crypto in Law Enforcement 15 | Balancing cryptocurrency ATM regulation and innovation  19 | Combating Sim-Swapping and Pig Butchering Scams while maintaining effective reporting 25 | Tackling crypto scams across jurisdictions and forging international policing partnerships  28 | Master cryptoverse policing in Tony’s new 5 day course 34 | Embracing continuous learning in AI and the evolving crypto landscape   Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: The Los Angeles County Sheriff's Department Website: Internet Crime Complaint Center (IC3): Nation’s central hub for reporting cyber crime, run by the FBI Whitepaper: A Fistful of Bitcoins Characterizing Payments Among Men with No Names (Sarah Meiklejohn and others) Interview: In conversation with the world’s first and only standalone virtual assets regulator: Dubai’s Virtual Assets Regulatory Authority Blog: Crypto Mining Pools Overview: How They Work, Benefits, and Risks YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Tony Moore (Deputy Sheriff, Los Angeles County Sheriff's Department) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.

General Counsel at Kivu Consulting, Andrew Davis, discusses the evolving ransomware landscape, challenges in payment decisions, major attack exploits, common attack vectors, and AI's impact on deep fakes. Topics include cyber extortion, law enforcement dynamics, ban on payments, and dangers of reused passwords.

"In a way, if you were a juror on this case, you got educated on cryptocurrency, terrorist financing, and also the Syrian Civil War." - Edward Burns In this episode, Ian Andrews (CMO, Chainalysis) has a full house as he speaks to several key members of the Manhattan District Attorney's Office, including the District Attorney, Alvin Bragg, the Assistant District Attorney, Edward Burns and the Chief of the Counterterrorism Unit, David Stuart.  As well as Dan Heesemann, Intelligence Research Specialist at the NYPD. The team discusses a fascinating case involving cryptocurrency and terrorism financing and shares how they were able to uncover an individual sending money to a terrorist group in Syria and planning violent attacks on American soil. They walk through the challenges of presenting technical evidence in court and the surprising defense strategy used by the defendant. This gripping episode sheds light on the intersection of crime, cryptocurrency, and counterterrorism efforts and the persistence and collaboration law enforcement and the District Attorney’s office have to utilize in order to bring these criminals to justice.  Minute-by-minute episode breakdown 2 | Background of the public sector guests and their entrance into cryptocurrency     4 | The People  vs. Victoria Jacobs: The cryptocurrency terrorist financing case 9 | Unveiling the terrorist financier's intent and tactics 14 | The elusive Salman Belarusi: Operational security mastermind 18 | Simplifying cryptocurrency for jury understanding 20 | Terrorism, cryptocurrency and the Syrian Conflict 22 | Jury deliberates for hours and finds the defendant guilty on all counts  25 | Manhattan DA, Alvin Bragg explains provides an update on sentencing and closure in case Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Manhattan District Attorney's Office: One Standard of Justice for All Website: New York City Police Department (NYPD) is the largest and one of the oldest municipal police departments in the United States Press Release: Victoria Jacobs Sentenced To 18 Years In Prison For Using Cryptocurrency To Fund Syrian-Based Terrorist Groups; Launder Supporters’ Contributions Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!) Report -  Crypto Investigations: Blockchain Intelligence for Law Enforcement (Available Now) YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) Alvin Bragg (District Attorney, Manhattan District Attorney's Office) Edward Burns (Assistant District Attorney, Manhattan District Attorney's Office) David Stuart (Chief of the Counterterrorism Unit, Manhattan District Attorney's Office) Dan Heesemann (Intelligence Research Specialist, NYPD) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.

Mico Curatolo from Banca Sella discusses their DLT and digital assets strategy, Bitcoin ETFs impact, stablecoins, and future of CBDCs in Europe. They explore bank partnerships, innovative technology, and industry collaboration.

In this episode, Ian Andrews (CMO, Chainalysis) speaks to Michael Firing (Assistant Director, Field Operations, Center for Intelligence, Targeting, and Enforcement (CITE), who is involved with investigations covering human and fentanyl trafficking, trade based money laundering and the movement of crypto in and out of the US.  They discuss the role of the newly created CITE agency in combating various threats, including terrorism, transnational organized crime, and illicit trade.  Michael also highlights the challenges of  the increasing use of cryptocurrency in criminal activities such as drug trafficking and human trafficking and the importance of collaboration between public and private sectors in addressing these challenges. Michael explains the importance of leveraging cryptocurrency analysis to support investigations and disrupt criminal networks by having a coordinated multi-agency approach. Minute-by-minute episode breakdown 2 | Introducing customs and border protection's intelligence arm   4 | Combating transnational threats with intelligence and cryptocurrency analysis  7 | Trade Based Money Laundering (TBML): From suitcases to thumb drives 10 | The rise of crypto in illicit precursor chemical sales and drug trafficking 13 | Collection of vast amounts of data to support other agency’s investigative efforts 16 | Global collaboration for the fight against crypto related crimes  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: U.S. Customs and Border Protection (CBP): Enhancing the nation’s security through innovation, intelligence, collaboration and trust. Article: America’s Front Line Against Fentanyl Article: Increasing the Focus on Trade-Based Money Laundering Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!) Blog: Crypto and the Opioid Crisis: What Blockchain Analysis Reveals About Global Fentanyl Sales [UPDATED 3/7/24] Article: Emirates NBD welcomes Chainalysis to Digital Asset Lab Council LinkedIn Post: Chainalysis is officially in 🇦🇪 Dubai! YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments Telegram: Chainalysis on Telegram Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Michael Firing (Assistant Director, Field Operations, Center for Intelligence, Targeting, and Enforcement (CITE) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

"We need to think about more creative ways in order to get at the ultimate issue here, which is that they're generating revenue for their weapons of mass destruction (WMD) and ballistic missile programs." - Jessica Peck In this episode, Ian Andrews (CMO, Chainalysis) is lucky enough to grab Jessica Peck (Senior Counsel, US Department of Justice) and Chris Wong (Supervisory Special Agent, FBI) right off of the main stage to their experiences investigating North Korea's involvement in cryptocurrency and their efforts to track and seize stolen assets. Chris shares his journey from working on interdicting assets to diving into the world of crypto, while Jessica discusses her transition from prosecuting weapons and narcotics cases to focusing on cybercrime and cryptocurrency-related investigations. The trio explore the tactics used by North Korea to launder money and the effectiveness of sanctions in combating these activities.  They also describe the new trends of North Koreans being unknowingly hired by blockchain companies around the world and the associated risks.  Minute-by-minute episode breakdown 2 | FBI's Involvement in intercepting North Korean mineral exports  4 | Jessica and Chris’ background and their first crypto investigation cases  7 | Thwarting North Korean crypto revenue and tracking and recovering stolen cryptocurrency  11 | Tracing North Korea's cryptocurrency laundering efficacy 17 | Evaluating the effectiveness of sanctions on cryptocurrency mixers 19 | Debating cybersecurity and risk management in crypto  25 | North Koreans being employed by crypto firms to develop smart contracts  27 | Best practices for staying safe in crypto and avoiding costly hacks  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: FBI: We protect the American people and uphold the U.S. Constitution Website: DOJ: To uphold the rule of law, to keep our country safe, and to protect civil rights Article: FBI Identifies Lazarus Group Cyber Actors as Responsible for Theft of $41 Million from Stake.com Blog:  $30 Million Seized: How the Cryptocurrency Community Is Making It Difficult for North Korean Hackers To Profit Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!) Blog: International Agencies Sanction Russian National Dmitry Yuryevich Khoroshev, Leader of Cybercrime Group LockBit, for Developing and Distributing Ransomware YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Jessica Peck (Senior Counsel, US Department of Justice) Chris Wong (Supervisory Special Agent, FBI) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.  

Thom Hook, Global Chief Compliance Officer at MoonPay, discusses the challenges of crypto regulations in the US, MoonPay's noncustodial platform, banking relationships, and the need for crypto lawyers. He shares insights on compliance programs, the evolution of MoonPay's business model, and the impact of regulatory frameworks on the industry.

Valerie-Leila Jaber, Global Head of AML at Coinbase, and Ian Andrews discuss USA Crypto Compliance Trends. Topics include the impact of regulations like the Patriot Act, Coinbase's initiatives for Travel Rule compliance, OFAC sanctions, non-custodial wallet, and role as custodian in Bitcoin spot ETFs.

“They want to destroy as many of our systems and resources as they can get the access to." - Yevhenii In this episode Ian Andrews (CMO, Chainalysis) speaks to Yevhenii Panchenko (Head of Operational Analysis, Ukraine Cyberpolice Department. Yevhenii discusses the global fight against Russian cyber actors, who target not only Ukraine but also other countries and shares the work his organization is doing to combat cyber threats, including investigating crimes related to fraud, ransomware, and illegal content. He shares the challenges they face in stopping Russian organizations and the importance of international collaboration and volunteers in identifying fraud and scam projects. Yevhenii also announces their new project, SCAMFARI and how they use OSINT to identify crypto fraud and collect data and the impressive features of the DIIA City and the implementation of digital documents in Ukraine.  Minute-by-minute episode breakdown 2 | Discussion on the Ukraine Cyber Police mandate and global nature of cyber threats  5 | Describing Russian cyber attacks on Ukrainian infrastructure  8 | A day in the life of the Ukraine Cyber Police Unit 10 | Russian hackers using cryptocurrency to receive ransoms and evade sanctions  12 | Collaboration with US and  EU agencies and training on using Chainalysis  15 | Discussion on the effectiveness of sanctions on crypto flows  18 | What is Scamfari and how they use OSINT to identify crypto fraud and collect data 21 | Impressive features of the DIIA City and the implementation of digital documents  23 | Recommendations for supporting Ukraine, including cryptocurrency investigation skills  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Cyber Police of Ukraine is a law enforcement agency within the Ministry of Internal Affairs of Ukraine dedicated to combating cyber crime. Blog: Summary of Yevhenii Panchenko speech at Chainalysis Links Conference (NYC 2024) Article: Ukraine's cyber police talks crypto, ransomware and documenting war crimes after Russia's invasion Blog: SCAMFARI: This Ukrainian Startup Is Looking to Automate Crypto Crime Reporting Using Smart Contracts, AI Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!) Blog: Crypto Staking Overview: How It Works, Benefits, Risks, and Future Blog - OFAC and Department of State Sanction Nearly 300 Individuals and Entities Involved in Russia’s War Machine, One Known to Have Accepted Crypto YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Yevhenii Panchenko (Head of Operational Analysis, Cyberpolice Department, National Police of Ukraine) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.