[Web3大西进] Why is it important for cryptocurrencies to speak? Revealing the significance of currency flow analysis through real-world experiences.

The Importance of Currency Flow Analysis: Revealing Real-Life Experiences

XREX recently released an article titled “On-Chain Money Flow Analysis in Room N: Who Benefits from Exploiting Minors?” on April 12th. This article garnered attention from the public and media, sparking curiosity about currency flow analysis. In response, the “Web3 Exploration” series has been launched to delve deeper into the crucial knowledge of currency flow tracking.

Since its launch in 2020, XREX has been committed to investigating suspicious currency flows. From tracking suspicious Bitcoin transactions within seven weeks of its platform going live, to exposing the Nigerian Bitcoin scam group N-Fiverr, and now uncovering the currency flow in “Room N,” XREX aims to prevent criminals from using cryptocurrencies and make significant contributions to the history of blockchain in finance.

The first episode of the “Currency Flow Tracking” series features Miffy, an XREX blockchain financial crime investigator, sharing her practical experiences in currency flow tracking. Miffy has previously volunteered for the Global Anti-Scam Organization (GASO), an organization composed of fraud victims, where she organized cryptocurrency flows and provided evidence to assist victims in filing reports. She has also spent ten years investigating and deciphering fraud techniques used by scam groups, exposing their money laundering channels at the Judicial Reform Foundation.

In this episode, Miffy will discuss the importance of money and currency flow analysis and the information we can gather through analyzing currency flows. Wayne will also share how currency flow analysis can be used to understand potential risks hidden in decentralized projects for investors. It turns out that currency flow tracking not only aids in anti-fraud and anti-money laundering efforts but also provides valuable insights for traders and investors.

Key points discussed in this episode include:

– What does Miffy focus on when observing currency flows?
– In Wayne’s past encounters with cybersecurity incidents, traditional money flows were difficult to trace, but blockchain transactions were easily trackable!
– Is decentralized technology really needed? Wayne believes that decentralized finance is a necessary technology for developing countries.
– Currency flow analysis can help detect potential risks in decentralized projects, not just in criminal cases.

The tools and platforms mentioned in this episode include:

– Wallet address and transaction tracking platform: OKlink
– Searching for blockchain wallet labels: MistTrack
– Understanding the interaction between multiple wallets and visualizing transaction patterns: Arkham
– Visualizing 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 about currency flow investigations. The goal is to enhance the public’s understanding of currency flow and money flow, creating stronger defenses against criminals.

“Web3 Exploration” is hosted by Wayne Huang and Winston Hsiao, co-founders of XREX Exchange, and Yoyo Yu, Senior Director of XREX’s Executive Office. Together, they aim to help listeners understand the concept of decentralization and navigate the Web3 world from various perspectives.

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