The Blockchain Data Analysis Firm Chainalysis says it has developed an “integrated solution” that has been designed to help the law enforcement in following stolen crypto.
The company says that the new solution depends on two primary tools.
The first is the existing blockchain research software of the company, “Chainalysis Reactor”, which aims to help law enforcement officials to follow crypto about block chains and identify online and off-disasters.
The second part of the solution is a new development called “Wallet Scan”, which was designed to automate the discovery of distraction paths, according to chain analysis.
The company explains,
“This eliminates the need to manually reconstruct portfolios, so that researchers can concentrate on restoring assets instead.”
Chainalysis has also recently taken over Alterya, a fraud detection solution powered by artificial intelligence (AI).
The AI solution has worked with top crypto and fintech companies such as Coinbase, Binance and Block and monitors more than $ 8 billion in Fiat and Crypto transactions per month, according to a recent press release. Alterya also discovered last year for more than $ 10 billion in payments sent to scams.
Total loss of value in the digital assets sector as a result of hacks and scams Last year was $ 3.01 billion, an increase of 15% compared to the total of 2023, according to the blockchain security company Peckshield.
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