Staying compliant in the blockchain sector demands continuous vigilance in the face of ever-changing policies, guidelines, fraud patterns, threats, scams, and sanctions. The complexity of blockchain technology and emerging obfuscation techniques necessitate ongoing refinement of risk rules and methods for identifying and tagging wallet addresses. These tasks, often unseen, are crucial for effective compliance and are typically offered as services by blockchain analysts’ tools.
However, the true value lies in the nuances — where the data originates, the quality of the information, and the speed at which it is transformed into actionable insights. Certik’s SkyInsights excels in these areas, committing to transparency through detailed explanations of our techniques. This assists analysts, compliance teams, and investigators in accurately identifying and reporting illicit activities.
Ongoing Investment in Data Coverage and Growth
SkyInsights has continued to expand its data sets significantly from Q1 2024 to Q2 2024. This growth reflects our commitment to providing the most comprehensive and up-to-date information for our clients. Key highlights include:
- Entities Monitored: Expanded from to over 3,500
- Total Data Points: An increase of ~68 Million Wallet Labels
- Geographic Coverage: Improved data coverage across various regions including new and emerging markets.
This increase reflects the continuous effort to expand our data collection and monitoring capabilities, ensuring up-to-date information for our clients.
Data Points Increase by Geography
SkyInsights also demonstrated a notable increase in data attribution across various geographical regions. Here are some highlights:
- United States:
- Increase in Wallet Address coverage by 7M
- Substantial growth in the top 100 VASPs
- Cayman Islands:
- Increase in Wallet Address coverage by 8M
- Significant growth driven by major exchanges.
- Seychelles:
- Notable increase in wallet addresses from 6M and more across multiple entities.
- Singapore:
- Growth of 5M with several key entities contributing to the rise.
- United Kingdom:
- Increase of 2M and more across various platforms.
Data Attribution Strategy
Certik’s SkyInsights isn’t just a tool; it’s a comprehensive window into our data attribution strategy, providing transparency into how our models are built, the source of our data, and our data collection strategy. Here’s a breakdown of our strategy:
- SkyInsights Forensic Investigations (30%): Detailed forensic analysis to identify and tag wallet addresses.
- SkyNet Security Analysis (25%): Continuous security analysis to identify potential threats and vulnerabilities.
- LEA and Partners (15%): Collaboration with law enforcement agencies and partners to enhance data accuracy.
- Manual & Automated Dusting (10%): Combining manual and automated techniques to ensure comprehensive coverage.
- Public Blockchain Scraping (10%): Scraping public blockchain data to gather additional insights.
- Clustering (5%): Using clustering techniques to group related data points.
- Open Source Intelligence (OSINT) (5%): Leveraging open-source intelligence to supplement our data.
Blockchain and Token Coverage
In our ongoing effort to expand and enhance our data coverage, SkyInsights has recently added support for a variety of blockchains and tokens. This expansion ensures that our clients have access to the most comprehensive and up-to-date data, allowing them to stay compliant and informed in the fast-paced blockchain environment.
Newly Added: Base, PulseChain, Manta, Kava, Ronin, Mantle, zkSync Era, Hedera, Cronos, Gnosis, Celo, Bitcoin Cash, Litecoin, and Arbitrum Nova
Coming Soon: Stellar, Klaytn, Solana, FileCoin, and Terra
Additionally, SkyInsights welcomes custom requests for data in specific jurisdictions, blockchain/token coverage, and tailored features to meet unique needs.
Bridges Covered
As part of our ongoing enhancements, SkyInsights has also expanded its coverage to include several key blockchain bridges, facilitating smoother and more secure transactions between different blockchain networks. This ensures that our clients can monitor and manage cross-chain transactions effectively.
Newly Added: ETH/Optimism, ETH/Polygon, ETH/Arbitrum-one, Celer and OrbitBridge
Coming Soon: Additional 30 bridges
Certik’s SkyInsights continues to push the boundaries of blockchain compliance, ensuring that our clients are always equipped with the most accurate and up-to-date information.
Our commitment to transparency and continuous improvement is evident in the significant growth in data coverage and the comprehensive nature of our data attribution strategy. SkyInsights remains at the forefront, providing the tools necessary to navigate this complex environment.
