Ari Redbord

I'm Ari Redbord, and this is TRM Talks.

I'm Global Head of Policy at TRM Labs.

TRM is an AI investigations and threat intelligence company combining on-chain and off-chain data to combat modern crime and build a safer world.

Yeah.

Also, the statement of, there was a gentleman by the name of Ari Redbord, R-E-D-B-O-R-D, and describes crypto funds in detail.

And he worked for, he used to work for, he was a senior advisor at the Treasury and And he mentioned this saying that I hung on to and I had to write down because it was so important.

It was the industrialization of fraud.

And that was that was part of the what what Martha Mendoza and Juliet Linderman concentrated on in my part of this.

So I think it's important that we listen to the experts.

First, we listen to Ari Redbord, who used to work for the Treasury, and he talks about why Tether is used as the number one vessel, pathway, excuse me, it's a pathway to move money around.

Stand by.

The offensive version of that workflow is just the same workflow.

There's also a Forbes contributor piece from Ari Redbord titled Ransomware's Terminator Moment, which says autonomous AI now executes full ransomware attacks against hospitals, banks, and utilities, and that defenders need to adopt AI too.

That's a contributor opinion piece, and the summary I have is two sentences, so I'd treat it as a viewpoint and not as evidence about this case.

Right, it's not about this attacker.

[upbeat music] I'm Ari Redbord, and this is TRM Talks.

I am Global Head of Policy at TRM Labs.

At TRM, we provide blockchain intelligence software to support law enforcement investigations and to help financial institutions and cryptocurrency businesses mitigate financial crime risk within the emerging digital asset economy.

Today, I am joined by my friend, former DOJ crypto lead, National Security Council, and now partner at K&L Gates, Sanjeev Bhasker.

Sanjeev, uh, thank you so much for, for joining TRM Talks.

Thank you for having me, Ari.

It's an honor to be back again, round two, so I'm excited to be here.

Tell me a little bit about your career.

The bank denied any knowledge of the fraud, but the hundreds of thousands of dollars she'd converted to crypto and sent to the scammers was gone.

We asked Ari Redbord at TRM Labs, which tracks cryptocurrency crime, to see if he could find it.

Essentially in crypto, every transaction is traceable, trackable, and immutable, meaning it's there forever.

Because every transaction occurs on a blockchain, which is an open public ledger.

Tether is considerably easier to freeze.

Issuers like Tether can freeze funds, uh, in, in a way that you can never do with cash.

Ari Redbord.

Stablecoin issuers have really unique capabilities when it comes to compliance.