Crypto exchanges can now more easily freeze ‘risky’ transactions

[Riya143]

CipherTrace is introducing new predictive capabilities to its tracing software to help crypto firms decipher which funds are safe and which may be linked to criminals.
ARPA-backed blockchain analytics firm CipherTrace today unveiled “predictive capabilities” for its crypto tracing software—a move designed to better help cryptocurrency exchanges and similar businesses flag and freeze transactions that may be linked to criminal behavior.

The new tools, which include real-time analytics and predictive risk scoring, are now available for existing customers and will be offered to new clients at the end of July, according to the firm.
Read More: https://decrypt.co/36273/crypto-exchanges-freeze-risky-transactions-ciphertrace

[TomPluz]

While this power can be abused by any exchange, I am also agreeing that there is really a need to watch for digital assets taken from the victims of scams, hacking and similar incidents. And exchange can be playing like a police in this industry though we who are in this industry should also be watching these exchanges so they don't use this power and this tool for their own benefits, to the detriment of the people they should be protecting.