Uppsala Security and CoinDesk Korea to launch the “Cryptocurrency Crime Report Center” service.
2 March, 2021 — Uppsala Security, a state-of-the-art provider of award-winning tools for Crypto AML, Risk Management, Regulatory Compliance, and Cybersecurity announced today the signing of a contract with Korea’s leading blockchain media platform, CoinDesk Korea, to launch the ‘Cryptocurrency Crime Report Center’. The service will commence on Tuesday, March 2nd 2021.
The initiative of operating the joint ‘Cryptocurrency Crime Report Center’ emerged based on the experience of both parties and from various reasons that were closely monitored in the recent years in the decentralized space.
While cryptocurrency related crimes such as voice phishing, ransomware, or instances similar to the Nth room are rampant, various cases such as hacking cryptocurrency exchanges and insider fraud have also been continuously reported. In response, CoinDesk Korea and Uppsala Security decided to operate the ‘Cryptocurrency Crime Report Center’ to support the investigation and recovery of the losses experienced by the victims of cryptocurrency crimes. The exact steps of the ‘Cryptocurrency Crime Report Center’ process are as follows:
1. Reporting and filing: The victims of cryptocurrency crimes file a report at CoinDesk Korea’s Cryptocurrency Crime Report Center.
2. Signing a Service Agreement: After confirming the receipt of the report, a Service Agreement has to be signed in order to obtain Uppsala Security’s tracking report, which has legal effect in tracking cryptocurrencies and can be submitted to judicial authorities.
3. Receiving the Report : When a tracking report is issued for a filed case, the victim himself/herself can report the case to the police and submit the report as evidence. The Uppsala Security’s tracking report is a legally valid evidence that can help police investigate the exact extent of the damage and the current flow of funds at the time of the investigation.
*If victims want to file a lawsuit against a judicial agency, recover the lost funds or compensate for damages, a legal service provided by Barun, a law firm (limited) company, is available as an option.
*Cryptocurrency Crime Report Center is currently only available in South Korea. In order to stay up to date regarding the extension of this service, please follow us on our social channels listed below.
About CoinDesk Korea
CoinDesk Korea is a media platform specialized in blockchain technology created by “22nd Century Media,” a subsidiary of Hankyoreh Newspaper Co., Ltd. — a South Korean newspaper publishing company, and global leading media platform “Coindesk”. CoinDesk, based in New York, USA, is a blockchain-specialized media founded in May 2013 and is the world’s most prestigious professional media with a mission to provide information, educate, and connect the global community. Coin Price Index (Bitcoin Price Index) of CoinDesk is used by major media outlets around the world, including the Wall Street Journal and the Financial Times, and is the world’s most cited cryptocurrency price index. CoinDesk also hosts the world’s largest blockchain technology event ‘Consensus’ in New York every May. Based on the capabilities of Hankyoreh Newspaper and CoinDesk, CoinDesk Korea’s mission is to deliver the most reliable and deepest domestic and international news related to blockchain to its readers.
About Uppsala Security
Uppsala Security built Sentinel Protocol, an award-winning suite of advanced tools and services, powered by blockchain and A.I. technologies, for Crypto AML, KYC Intelligence, Transaction Monitoring/Tracking, Regulatory Compliance, and Cyber Security strengthening organizational capabilities for protecting their cryptocurrencies and other digital assets from malicious attacks, fraud, and scams.
Today Uppsala Security has various users including government organizations and leading enterprises providing crypto exchanges, payment gateways, wallets, gaming, and FinTech solutions. Supporting the framework is a proven team of experienced cyber security professionals based in Asia with deep cybersecurity knowledge and decades of hands-on experience.
