We're thrilled to welcome a leading cryptocurrency intelligence company CipherTrace to the Binance Smart Chain ecosystem. Today, May 27, CipherTrace announced analytics support for Binance Smart Chain, providing the power to identify higher-risk financial transactions on BSC and its 600+ decentralized applications (dApps), with support from Binance. The inclusion of CipherTrace's analytics also allows Virtual Asset Service Providers (VASPs), including exchanges, banks, OTC desks, hosted wallets, and other financial institutions, to flag transactions occurring on BSC with a high probability of originating in illicit activity, including fraud
It's not something new but could be a much needed news after a series of flash loan attacks on different BSC DeFi platforms.
What's your take on this? Probably not something to be worried about especially if you're aware that BSC is a blockchain that's also centralized. These DeFi platforms can hault all trading/swap at anytime.