AMLBot
| Private | |
| ISIN | 🆔 |
| Industry | Blockchain analytics, Regulatory technology, Cryptocurrency compliance |
| Founded 📆 | 2019 |
| Founders 👔 | Viacheslav (Slava) Demchuk |
Number of locations | Kyiv, London, Gothenburg, Hong Kong |
Area served 🗺️ | Worldwide |
Key people | Viacheslav (Slava) Demchuk (co-founder and CEO) |
| Products 📟 | Crypto Checker, KYT transaction monitoring, KYC/KYB verification, Tracer, AI Tracer |
| Services | Blockchain investigations, crypto asset recovery |
| Members | |
Number of employees | |
| Subsidiaries | Safelement Limited (Hong Kong) Safe3 UAB (Lithuania) |
| 🌐 Website | amlbot |
| 📇 Address | |
| 📞 telephone | |
AMLBot is a blockchain analytics and cryptocurrency compliance company founded in 2019.[1] It develops tools for anti-money-laundering (AML) wallet screening, transaction monitoring, and customer verification. It also runs an investigations practice that traces stolen cryptocurrency and helps victims, businesses, and police agencies recover funds.[2]
History
AMLBot began in 2019 as a bot on the messaging app Telegram. The bot let users submit a cryptocurrency wallet address and receive a risk assessment showing whether the address was linked to illicit activity.[3] The project was co-founded by Viacheslav (Slava) Demchuk, who became the company's chief executive officer.[4]
Demand from crypto businesses led AMLBot to move beyond the consumer bot. The company introduced a developer API, a continuous transaction-monitoring service known as KYT ("know your transaction"), and KYC/KYB identity verification. It also set up a dedicated investigations department focused on tracing stolen funds. AMLBot's operations are structured through Safelement Limited in Hong Kong and Safe3 UAB in Lithuania.[5] The company has offices in Kyiv, London, Gothenburg, and Hong Kong.[6] In 2023 it became a member of the European Blockchain Association.[1]
In 2025, AMLBot joined LazarusBounty, a program launched by the cryptocurrency exchange Bybit to trace and freeze assets stolen in hacks attributed to state-sponsored groups. The company is listed on the program's public leaderboard of bounty hunters.[7]
In July 2026, AMLBot released AI Tracer, a self-service investigation tool. Given a transaction hash, it reconstructs the path of funds across wallets, cross-chain bridges, and networks, and labels known entities such as exchanges and flagged addresses. AMLBot describes the tool's output as a starting point for investigations and notes that the tool cannot itself freeze assets or guarantee that stolen funds will be returned.[8]
Products and services
AMLBot's product line covers the main compliance needs of cryptocurrency businesses:
- Crypto Checker: risk scoring of wallet addresses and transactions for exposure to fraud, sanctioned parties, mixing services, and darknet markets. It is available through Telegram, a web dashboard, and an API.[9]
- KYT monitoring: ongoing screening of deposits and withdrawals for exchanges, payment processors, and custodians.
- KYC/KYB verification: identity checks for individual and corporate clients.
- Tracer and AI Tracer: visual tools for following fund flows across blockchains.
- Asset recovery: casework in which AMLBot investigators trace stolen funds, compile evidence, and coordinate with exchanges and law enforcement to freeze assets.[10]
Investigations
Several AMLBot investigations have been reported in the cryptocurrency press. In 2024, Decrypt described a "proximity breach" in which a former crypto executive lost US$450,000 after an acquaintance gained access to his device over Wi-Fi. AMLBot followed the stolen funds to an exchange account, where they were frozen.[11] In 2025 the same outlet drew on AMLBot's analysis of an address poisoning scam that cost a victim about US$700,000 in stablecoins.[12]
In Thailand, the newspaper Thairath reported in August 2025 that an AMLBot investigation had helped the gaming bot Blink Game AI recover 4.3 million baht (about US$120,000) within 48 hours.[13] In Bulgaria, AMLBot and the local crypto platform Altcoins.bg worked on what the partner described as the country's first successful case of funds returned after crypto fraud.[14]
AMLBot has also been involved in responding to incidents affecting Web3 projects. The trading bot Banana Gun[15] and the lending protocol Shoebill Finance[16] both publicly acknowledged AMLBot's participation in their investigations.
The company publishes case studies of its own work. One describes the recovery of US$150,000 stolen from a Ledger hardware wallet using open-source intelligence (OSINT).[17] Another covers a company that was nearly defrauded of hundreds of thousands of dollars in ETH through a fake Zoom call.[18]
Research
AMLBot publishes reports on crypto crime and stablecoin policy, and its findings are regularly covered by the cryptocurrency press.
Crypto crime report
The company's 2025 crypto crime report was based on about 2,500 of its own investigations.[19] It concluded that roughly 65% of the incidents studied stemmed from social engineering, including compromised devices and weak verification, rather than flaws in blockchains or smart contracts. AMLBot noted that the figures reflect its own caseload rather than the industry as a whole.[20]
Stablecoin freezes
A separate AMLBot study compared how the stablecoin issuers Tether and Circle froze addresses between 2023 and 2025, and was released alongside a public data dashboard.[21] Media coverage highlighted the gap between the 7,268 wallets blacklisted by Tether and the 372 blacklisted by Circle.[22] The study was later referenced in Bloomberg Law commentary on stablecoin oversight under the GENIUS Act.[23]
AMLBot has also examined how long it takes Tether to blacklist USDT addresses. It found that delays in the process allowed about US$78 million to be moved before freezes took effect. The findings were reported by both Cointelegraph[24] and Decrypt.[25]
In another analysis, AMLBot documented Circle's freezing of 16 business hot wallets, one of which was a blockchain bridge smart contract.[26] Circle's freezing policy later became the subject of wider industry debate following the Drift hack.[27]
Privacy tools
AMLBot has measured stablecoin flows through cryptocurrency privacy tools, identifying about US$4.2 billion in exposure broken down by protocol, asset, and risk profile.[28] The research was covered by Cointelegraph Brasil.[29]
Expert commentary
AMLBot and its CEO are often quoted as expert sources in the crypto media. Topics have included Tether's freeze of US$182 million in USDT,[30] the risk of silent hijacking of TRON addresses,[31] a possible 51% attack on Monero linked to the Qubic protocol,[32] romance scams,[33] and monthly losses from crypto hacks.[34]
Cooperation with law enforcement
AMLBot supports police and government agencies with blockchain tracing and training. In Kazakhstan, it signed a memorandum of understanding with the Ministry of Internal Affairs and the anti-fraud initiative Stop-Piramida.kz.[35][36] In August 2024, the Bangkok Post reported that Thai police had partnered with AMLBot to trace and recover funds taken by transnational scam networks, and to train officers in crypto investigations.[37] The company has also received a letter of appreciation from the Gujarat Police in India.
Partnerships
In addition to its European Blockchain Association membership and its role in Bybit's LazarusBounty program, AMLBot works with a number of cryptocurrency platforms. The exchange LetsExchange uses AMLBot to verify the legitimacy of funds.[6] AMLBot has also partnered with the exchange service Obmify and with the Bulgarian platform Altcoins.bg on fraud tracing and asset recovery. The company maintains a public bug bounty program on HackenProof, inviting independent security researchers to test its web products.[38]
References
- ↑ 1.0 1.1 "EBA welcomes anti-money laundering expert AMLBot as new member". European Blockchain Association. 12 July 2023. Retrieved 23 September 2026.
- ↑ "Obmify and AMLBot: a new partnership for safe cryptocurrency exchange". Obmify. Retrieved 23 September 2026.
- ↑ "How crypto AML and crypto compliance work". Trustee. Retrieved 23 September 2026.
- ↑ "Meet Slava Demchuk, AMLBot". TechRound. Retrieved 23 September 2026.
- ↑ "AMLBot". AMLBot. Retrieved 23 September 2026.
- ↑ 6.0 6.1 "AMLBot ensures legitimacy of funds on LetsExchange". LetsExchange. Retrieved 23 September 2026.
- ↑ "LazarusBounty – Bounty Hunters". Bybit. Retrieved 23 September 2026.
- ↑ "Crypto forensics firm launches AI tracing service to track your stolen coins". Cointelegraph. July 2026. Retrieved 23 September 2026.
- ↑ "Crypto Checker". AMLBot. Retrieved 23 September 2026.
- ↑ "How AML Bot and Altcoins.bg join forces against crypto fraud". Altcoins.bg. Retrieved 23 September 2026.
- ↑ "Crypto CEO loses $450K in WiFi proximity breach". Decrypt. October 2024. Retrieved 23 September 2026.
- ↑ "Crypto user loses $700,000 to address poisoning scam: here's what happened". Decrypt. April 2025. Retrieved 23 September 2026.
- ↑ "Blink Game AI case". Thairath. August 2025. Retrieved 23 September 2026.
- ↑ "The first successful case in Bulgaria with funds returned after crypto fraud". Altcoins.bg. Retrieved 23 September 2026.
- ↑ "Banana Gun statement on investigation". Banana Gun (via X). Retrieved 23 September 2026.
- ↑ "Shoebill Finance statement on investigation". Shoebill Finance (via X). Retrieved 23 September 2026.
- ↑ "How AMLBot helped recover $150K stolen from a Ledger using OSINT". AMLBot Blog. Retrieved 23 September 2026.
- ↑ "A fake Zoom call nearly cost this company hundreds of thousands in ETH". AMLBot Blog. Retrieved 23 September 2026.
- ↑ "Crypto Crime Report 2025–2026: insights from 2,500 real investigations". AMLBot Blog. Retrieved 23 September 2026.
- ↑ "AMLBot: 2025 crypto incidents driven by social engineering, phishing, impersonation". Cointelegraph. February 2026. Retrieved 23 September 2026.
- ↑ "Stablecoin freezes 2023–2025: a data-backed analysis of USDT vs USDC by AMLBot". AMLBot Blog. Retrieved 23 September 2026.
- ↑ "Report: Tether blacklists 7,268 wallets vs Circle's 372". CryptoPotato. December 2025. Retrieved 23 September 2026.
- ↑ "Stablecoin Oversight Poses Challenges as Digital Currency Grows". Bloomberg Law. March 2026. Retrieved 23 September 2026.
- ↑ "Tether blacklist delay allowed $78 million USDT to move". Cointelegraph. Retrieved 23 September 2026.
- ↑ "$78M lost to laundering loophole in Tether USDT freezing". Decrypt. Retrieved 23 September 2026.
- ↑ "Circle froze 16 business hot wallets, including a blockchain bridge smart contract". AMLBot Blog. Retrieved 23 September 2026.
- ↑ "$285M Drift hack sparks debate over Circle, USDC". Tech in Asia. Retrieved 23 September 2026.
- ↑ "Stablecoin flows through crypto privacy tools: $4.2B exposed by protocol, asset and risk profile". AMLBot Blog. Retrieved 23 September 2026.
- ↑ "July tokenization raising nearly R$8M in Brazil". Cointelegraph Brasil. Retrieved 23 September 2026.
- ↑ "Tether freezes $182 million USDT". The Block. Retrieved 23 September 2026.
- ↑ "TRON addresses at risk of silent hijacking". Cointelegraph Magazine. Retrieved 23 September 2026.
- ↑ "Monero 51% attack: why AI protocol Qubic could help privacy chain". Decrypt. Retrieved 23 September 2026.
- ↑ "Valentine's Day crypto romance scam wallet warning". crypto.news. Retrieved 23 September 2026.
- ↑ "AMLBot CEO: Security is improving despite over $126M lost in January crypto hacks". crypto.news. February 2024. Retrieved 23 September 2026.
- ↑ "AMLBot, the Ministry of Internal Affairs of Kazakhstan and Stop-Piramida.kz sign a memorandum". Incrypted. Retrieved 23 September 2026.
- ↑ "Partnership". Stop-Piramida.kz. Retrieved 23 September 2026.
- ↑ "Thai police partner with AMLBot to combat crypto scams". Bangkok Post. August 2024. Retrieved 23 September 2026.
- ↑ "AMLBot Web". HackenProof. Retrieved 23 September 2026.
