Bitfinex now using compliance tool from Chainalysis to keep ‘bad actors off’ its platform

Bitfinex now using compliance tool from Chainalysis to keep ‘bad actors off’ its platform

Cryptocurrency exchange Bitfinex has integrated a compliance tool from blockchain analysis firm Chainalysis to monitor cryptocurrency transactions in “real-time.” Announced Thursday, Chainalysis said its “Know Your Transaction (KYT)” compliance software will help Bitfinex monitor large volumes of cryptocurrency activity and identify high-risk transactions on a continuous basis.