Israeli startup Xplorisk is working to increase transparency in the cryptocurrency industry to counter illicit activities.

Terrorist organizations are reportedly using Iranian banks to fund crypto wallets, moving billions of dollars without adequate response from global law enforcement.

Xplorisk is part of the FinSec incubator, which has identified over 5,000 wallets linked to terrorism and money laundering.

The company specializes in Operationalizing Web3 Risk Mitigation and aids organizations and governments in monitoring and controlling Web3 environments to thwart illicit financial activities.

Effective regulation, inter-sector collaboration, and advanced technologies are key in mitigating illegal crypto trading and transactions.