What is address monitoring and when is it worthwhile?
By R.T. (Tyler) Dijst, blockchain investigator at Paucitas
What Paucitas does with address monitoring
We place the addresses from your file under address monitoring and follow the incoming and outgoing transactions there. If there is movement you receive a notification with the amount, the time, the onward address and a short reading: is this a move between addresses of the same party, or is it heading for an exchange.
With an outgoing move towards an exchange there is a short window in which your lawyer can act. That is why speed is the whole point of monitoring.
What you supply
The addresses you want watched and the period. Those addresses often come from an earlier investigation; if they do not exist yet, that is the first step.
What you receive
A notification per event and a periodic summary of what has been seen. At the end of the period, an overview that can be added to the file.
Monitoring is pointless for an address that has already been emptied and whose funds went through a mixer. We say so up front rather than let a subscription run on.
How to get started
You pass on the addresses and the period you have in mind. In a first conversation we decide together whether monitoring can achieve anything in your case.
European supervisors publish background on crypto assets and the rules that apply to them: see ESMA and EBA.
Monitoring prevents nothing and blocks nothing. It signals movement, so you and your lawyer can act in time.
Frequently asked questions
What is address monitoring?
Watching one or more wallet addresses so you are notified as soon as there is movement, with the amount, time and onward address.
When is address monitoring worthwhile?
When funds are sitting still at a known address and you want to know in time that they are being moved.
Can Paucitas freeze an address?
No. Monitoring only signals; only the party holding the funds can freeze them.
Your own situation
If you are reading this, you probably have a question about your own situation. That is exactly what Paucitas does.
The first step is contact by phone. We prefer to schedule that call through WhatsApp, so you do not have to wait. In the call we look together at what can factually be established in your case and what Paucitas can examine for you.