VANCOUVER, British Columbia, March 27, 2023 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. ("BIGG" or the "Company")(CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W) subsidiary Blockchain Intelligence Group, a global leader in cryptocurrency and blockchain investigative technology, supporting law enforcement agencies, received the 2022 Homeland Security Investigations (HSI) Private Sector Partnership Award at the 6th Annual HSI New York Awards ceremony held Friday at the John Jay College of Criminal Justice in New York City.
During the annual award ceremony, acts of valor and service, investigative accomplishments, and partnerships with law enforcement agencies across the New York City area and internationally were recognized by HSI New York leadership.
Blockchain Intelligence Group CEO Lance Morginn attended the ceremony to accept the award presented by HSI NY Special Agent in Charge Ivan J. Arvelo. In attendance were agency heads from numerous federal, state, and local law enforcement agencies and the keynote speech was delivered by former United States Congressional Representative Peter King who formerly was Chairman of the Homeland Security Committee.
Blockchain Intelligence Group and its employees who assisted HSI New York were the recipients of the HSI Private Sector Partnership Award.
The award was presented to Blockchain Intelligence Group for significant collaboration with HSI and other law enforcement agencies which resulted in the first federal arrests relating to a non-fungible token (NFT) rug pull scam and the prevention of additional victims from being defrauded according to Assistant Special Agent in Charge Thomas Acocella who introduced the award to the guests in attendance.
“When our team identified suspicious behavior occurring over social media channels relating to what appeared to be an apparent rug pull involving the Frosties NFT, we not only notified law enforcement, but we put our investigative tool, QLUE™, into their hands without hesitation,” said Morginn who traveled to New York to accept the award and meet with the areas law enforcement community. “Cryptocurrency and NFT money laundering investigations present unique challenges to law enforcement and with QLUE™, as demonstrated in the Frosties investigation, investigators quickly tracked and traced the flow of funds as well as the NFT all on one graph, a first for the evolving digital asset investigative industry.”
In June of last year, Blockchain Intelligence Group launched NFT Explorer, a graphical analytics tool that traces an NFT from the point of theft to the subsequent sale and liquidation of proceeds all on one graph. NFT Explorer, which is part of the QLUE™ investigative suite, solved this significant challenge faced by law enforcement and cryptocurrency money laundering investigators.
Along with NFT Explorer, the QLUE™ suite of investigative resources, covers 13 of the most widely used cryptocurrency blockchains used by money launderers and cyber criminals, including Bitcoin, Dash, and TRON, and over 700,000 tokens and NFTs on the Ethereum blockchain.
Morginn praised the entire Blockchain Intelligence Team for building QLUE™, an affordable and user-friendly tool that assists law enforcement agencies around the world, to easily and quickly track and trace the flow of crypto funds and NFTs.
For the latest on Blockchain Intelligence Group and QLUE™, please visit the website or follow along on LinkedIn and Twitter.
On behalf of the Board
Mark Binns
CEO
Investor Relations
Victoria Rutherford
T: 1.480.625.5772
For Media Requests
Maija McManus
Red Lorry Yellow Lorry for Blockchain Intelligence Group
T: + 1 857 217 2925
About BIGG Digital Assets Inc.
BIGG Digital Assets Inc. (BIGG) believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision. BIGG has three portfolio companies: Netcoins (netcoins.ca), Blockchain Intelligence Group (blockchaingroup.io), and TerraZero (terrazero.com).
Blockchain Intelligence Group is the crypto investigations and training company. Founded in 2015, the company helped invent the Blockchain Analytics category. Its flagship software, QLUE™, helps win court cases and recover digital assets. AML, independent and law enforcement investigators rely on the company’s toolkit to track nefarious activity and de-risk transactions for digital assets. The Certified Cryptocurrency Investigator (CCI) course is endorsed by the US government and used by top law enforcement and Fortune 500 banks.
Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins utilizes BitRank Verified® software at the heart of its platform and facilitates crypto trading via a self-serve crypto brokerage portal at Netcoins.app.
TerraZero is a vertically integrated Metaverse development group and leading Web 3.0 technology company specializing in the Metaverse space. The Company’s Metaverse agnostic vision is to develop, acquire, and finance the Metaverse’s most promising companies, entrepreneurs, and developers. TerraZero also owns digital real estate and provides offices and services to those interested in the Metaverse. BIGG owns ~30% of TerraZero.
For more information and to register to BIGG’s mailing list, please visit our website at https://www.biggdigitalassets.com. Or visit SEDAR at www.sedar.com.
Forward-Looking Statements:
Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIGG’s expectations include, consumer sentiment towards BIGG’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIGG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
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