Blockchain Intelligence Group (BIG) corrects inaccuracies in BitcoinExchangeGuide.com article referring to BIG in connection with Coinbase controversy

On March 6, 2019, BitcoinExchangeGuide.com posted an article to its website authored by Carl T., titled “Could Blockchain Analysis Providers Have Sold Coinbase Client Data to Third Parties?”. The article in question contains inaccuracies about Blockchain Intelligence Group (BIG).

The article contains the following two inaccuracies:

INACCURACY #1: The article stated, “There are other firms that were helping Coinbase be compliant with all the KYC and AML procedures, including Elliptic, Blockchain Intelligence Group, Ciphertrace and Coinfirm.”

At no time whatsoever has Blockchain Intelligence Group provided services to Coinbase, including KYC or AML compliance procedures.

INACCURACY #2: The article stated, “Breaker Magazine reported that the Blockchain intelligence Group, which is based in Vancouver did not answer when asked about their involvement with Coinbase.”

Breaker Magazine reached out to Blockchain Intelligence Group and was advised that no one was available for comment given the very short time prior to publication.

Further, Blockchain Intelligence Group Inc. does not collect, retain or sell any private third-party data. Blockchain Intelligence Group analyzes data that is publicly available and fully transparent on the blockchain.

BIG has required BitcoinExchangeGuide.com to provide an immediate retraction of the inaccurate and untruthful statements published on their website or, failing that, the issuance of a statement of clarification that is acceptable to Blockchain Intelligence Group, with the retraction or statement of clarification being posted in a manner similar to the original article.

Blockchain Intelligence Group is dismayed and concerned that BitcoinExchangeGuide.com could publish an article with such inaccuracies without the proper outreach to BIG or fact-checking for accuracy as part of professional due diligence.