Why is Currency Flow Analysis Important? Insider Tips Revealed
XREX has recently released an article titled “XREX Analysis: The On-Chain Currency Flow of Room N – Creative Hideout: Who Profits from Child Exploitation?” on April 12th. This article has garnered significant attention from the public and media, sparking curiosity about currency flow analysis. In response to this interest, Web3 Dashen has launched a new series to delve deeper into the important knowledge of currency flow tracking.
Since its platform launch in 2020, XREX has been dedicated to investigating suspicious currency flows. From tracking suspicious Bitcoin transactions within seven weeks of its launch to uncovering the Nigerian Bitcoin scam group N-Fiverr, XREX has made it their mission to prevent the illicit use of cryptocurrencies and make significant contributions to the history of blockchain in finance.
In the first episode of the “Currency Flow Tracking” series, XREX blockchain financial crime investigator Chen Meihui, also known as Miffy, will share her practical experience in currency flow tracking. Miffy has previously volunteered for the Global Anti-Scam Organization (GASO), an organization composed of scam victims, where she organized cryptocurrency flows and provided evidence to assist victims in reporting crimes. She has also spent ten years investigating and deciphering the fraudulent tactics of scam groups, exposing their money laundering channels, at the Civil Justice Reform Foundation (CJRF).
In this episode, Miffy will discuss the importance of money and currency flow analysis and the information we can gather through such analysis. Wayne will also share how currency flow analysis can be used to understand potential risks in decentralized projects that individuals invest in. Currency flow tracking not only serves as a tool for anti-fraud and anti-money laundering efforts but also provides investment recommendations for traders.
The episode highlights several tools and platforms, including wallet address and transaction tracking platform OKlink, blockchain wallet tag search tool MistTrack, visualization of the interaction between multiple wallets, Arkham, and visualization of the overall money flow of a single wallet, BitQuery.
The “Currency Flow Tracking” series invites industry experts to analyze currency flow tracking work and share essential knowledge that everyone should know about currency flow investigation. This aims to improve the public’s understanding of currency and money flow, strengthening defense against criminals.
Web3 Dashen, hosted by XREX founders Huang Yaowen (Wayne) and Xiao Huizong (Winston), along with Yoyo, the Senior Director at XREX’s Executive Office, provides insights into the concept of decentralization and helps individuals comprehend the Web3 world from different perspectives.
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