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New Chainalysis program aims to help sort confiscated crypto

Published 11/12/2020, 08:00 AM
Updated 11/13/2020, 10:00 AM
New Chainalysis program aims to help sort confiscated crypto

In the 11 years since the inception of the crypto industry, malicious parties have used digital assets for a spate of illegal activities, from drug payments to money laundering. Blockchain analytics firm Chainalysis is launching a new service to help authorities track, custody and sell cryptocurrencies associated with crime after their capture. The firm calls the initiative its Asset Realization Program.

"Chainalysis created an end-to-end solution for track and trace, pre-seizure planning, handling, storing, realising, and monitoring assets seized by law enforcement," Chainalysis' general manager of the European, Middle Eastern and African region, Duncan Hoffman, told Cointelegraph.

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