Episode 01 · Live · Filed 25 Apr 2026

Raw alpha,
for the people
who do the work.

Raw alpha. Crypto compliance, AML, MiCA and onchain analysis — by Flor, written from Malta for the people who actually do the work. No PR takes, no Chainalysis screenshots, no fear-mongering. Primary evidence, plain sentences, seven minutes to read.

Read episode 01 → About Flor
Filed
25 · 04 · 2026
Editor
Floriana
Beat
9 EU markets
Cases
140 filed since 2018
Status
Episode 01 — Live
§01 · Thesis

Three things most compliance writing gets wrong.

Editorial · Public
01 / Source

Headlines aren't evidence.

Most "crypto crime" coverage rewrites a press release. floronchain works backwards from the txn hashes, the wallets, the public filings — then writes the sentence.

02 / Tone

Practitioners don't need fear.

If you're an MLRO, you don't need another "CRYPTO IS BEING BANNED" thread. You need typologies, red flags, MiCA timelines, and what to actually tell your board on Tuesday.

03 / Pace

Seven minutes is the contract.

One question, one episode, seven minutes. Deep enough to be useful, short enough to finish on the bus from Sliema. Ship rate > word count.

§02 · Numbers

The shape of the beat.

Updated weekly
Episodes filed
12/ ep.
12 long-reads in the archive. Ep. 01 is the cornerstone — NFT laundering at the Jan 2024 hangover.
EU jurisdictions tracked
9/ states
Malta, Italy, France, Germany, Estonia, Lithuania, Ireland, the Netherlands, Cyprus — MiCA on the floor in all of them.
SARs reviewed
2,140/ ytd
Public filings, sanitised case studies and Chainalysis-public traces synthesised for every piece.
Median read time
7min
Hard cap. If a topic needs more, it splits into a series. Subscribers get the Sunday digest.
§03 · Pattern

A laundering trail, in five reads.

Episode 01 · Excerpt
01
Mint
Wash collection

Pseudo-rare PFPs minted to a fresh wallet at 02:14 UTC

Five wallets, all funded by the same Tornado Cash withdrawal, mint a 333-piece collection. No Twitter. No Discord. No buyers — yet.

tx: 0x9c3a…b21f · contract: 0xFL0R0N…C1A1N
02
Trade
Self-laundering

Wallets buy from each other at 7.4 ETH average

Eleven trades inside ninety minutes between the same five wallets, then a stop. Volume on-chain looks like a market. There is no market.

avg: 7.4 ETH · spread: ±0.2 · venue: Blur · gas paid by relayer
03
Exit
Off-ramp via VASP

89.7 ETH cashed out to an EU-licensed exchange

Three of the five wallets convert to USDT, bridge to Polygon, then on-ramp to a CASP that filed under MiCA in March. The Travel Rule packet was sent. It was thin.

bridge: deBridge · destination: 0x7C…2FF1 · KYC tier: 2
§04 · The 7 Minute Mint

Twelve episodes. One question each.

Reading list · Live
Episode 02 · Live now

Malta's first Travel Rule ruling: a tick-box just cost a CASP 40% of the loss.

The first European decision applying the recast TFR didn't come from Frankfurt, Paris or Berlin. It came from a small tribunal in Valletta — and it just opened a second front of liability for every CASP in the EU. The jurisdictional move that doubles the exposure, the verification rule that was broken, and the five things every CASP should fix on Monday.

Filed · 03 May 2026 Read · 6 min · 1,400w Beat · TFR · MiCA · Malta
Read episode 02 →
casp.malta
↳ tx1 usdt > €1,000
↳ tx2 usdt > €1,000
↳ verify.ownership = false
↳ defence: tick-box.signed
↳ result: arbiter / 40%
🦩
Crime7 min

The wash trade that sold for 89.7 ETH and never made a sound.

Five wallets. One mint. Eleven trades to nobody. The 2024 NFT laundering loop that cashed out through a freshly MiCA-filed CASP. Coming back online soon.

FILED · 23 APR 2026 Read →
AML7 min

What the Travel Rule actually asks for in 2026.

Ten fields, two parties, one packet. The thing your VASP keeps fumbling — and the bit AMLA is going to start checking first.

FILED · 18 APR 2026 Read →
MiCA6 min

The CASP licence checklist nobody on Crypto Twitter has read.

Article 60. Article 62. Article 67. What the EBA actually wants, what your in-house legal is allowed to skip, and what they shouldn't.

FILED · 11 APR 2026 Read →
Crime8 min

Pig-butchering, on-chain: the seven-wallet pattern.

Anatomy of a romance scam in stablecoins. Where the funnel starts, which bridges they use, and why your TM is missing layer four.

FILED · 04 APR 2026 Read →
Web35 min

DAOs aren't unregulated. They're just uninspected.

A short note on what MiCA + AMLD6 actually say about decentralised governance, and what FIUs are quietly doing about it.

FILED · 28 MAR 2026 Read →
Education5 min

Mixers, in plain English, in 2026.

Tornado, Wasabi, Samourai, the post-OFAC fork-ecosystem. Why "mixer use" alone is no longer a finding — and what now is.

FILED · 21 MAR 2026 Read →
Onchain7 min

How investigators actually use Arkham, Reactor, TRM.

Three workflows from three desks: a sanctions hit, a phishing exit, a market-manip case. What each tool sees, what each tool misses.

FILED · 14 MAR 2026 Read →
§05 · About

Written by Flor.

Malta · since 2018

I'm Floriana — an AML professional and crypto enthusiast since 2017. I work at the intersection of financial crime prevention and digital asset innovation, somewhere between an MLRO desk and a wallet explorer.

floronchain.com is the public side of that work: compliance frameworks for crypto businesses, crypto crime investigation, onchain analysis, and the EU regulatory landscape — explained in a way that respects your time and your intelligence.

If you're an MLRO trying to understand DeFi, a founder building a CASP, or a degen who wants to stay on the right side of regulation — I'm writing this for you. Raw alpha. No hype. No FUD.

Floriana
🦩 Photo of Flor drop image at
assets/flor.jpg
FLOR · MALTA · 2026
Make it accessible without dumbing it down. Lead with expertise, not lifestyle. Primary evidence, plain sentences. — Editorial brief · 2026
§06 · Wallet

On-chain receipts.

Proof of degen · since 2022
Connected flor.eth · 0xFL0R…0CHA1N · Networks Ethereum · Arbitrum · Base · Polygon
Welcome Aboard — Arbitrum × Galaxy, 2022 ARB · GENESIS ACQUIRED · 2022
Arbitrum × Galaxy · Welcome Aboard

The receipt for being early on Arbitrum.

One of Galaxy's "Welcome Aboard" NFTs from the Arbitrum Odyssey campaign — minted before the airdrop, before the L2 narrative cracked, before "rollup-pilled" was a tweet. A small thing. A real thing.

Chain
Arbitrum One
L2 · Optimistic Rollup
Drop
Welcome Aboard
Galaxy quest series
Vintage
2022
Pre-ARB airdrop
Status
HODL
Soulbound · in the wallet

I write about the wallets I actually use. Receipts beat narratives — every single time.

— Flor · floronchain editorial
§07 · Tip jar

Buy the editor a block of compute.

No paywall · No ads · Just receipts
Donation QR — scan to tip floronchain
Hardware wallet · ETH & USDC

If a piece changed how you read a wallet, send a coin back.

floronchain is independent. No sponsor desk, no affiliate links, no paid spots in the 7 Minute Mint. Cold-stored on a Ledger — ETH or USDC on Ethereum, Arbitrum or Base. Every tip funds another week of reading on-chain so you don't have to.

Ledger 0xCB17…dFDE
Ethereum Arbitrum Base ETH USDC