GAIN INSIGHTS AND ACTIONABLE CYBER AND FINANCIAL INTELLIGENCE FROM BLOCKCHAIN LEDGERS AND CRYPTOCURRENCY TRANSACTIONS

Virtual currencies such as Bitcoin are processing billions of dollars per year of criminal transactions. Despite the many legitmate uses for virtual currencies, criminals are increasingly capitalizing on the decentralization and anonymity afforded by exchanges that leverage blockchain platforms.

Anonymity, coupled with the ability to transfer funds rapidly and irreversibly, drives financially motivated criminal activity including money laundering, terrorist financing, ransomware, extortion, human and drug trafficking, illicit websites and dark marketplaces. CipherTrace provides the solution to help agents and analysts recognize, investigate, analyze, de-anonymize, and trace criminal activity using virtual currencies on the Internet.

 

KEY CAPABILITIES
  • Enables forensic analysis of cryptographic currency transactions
  • Provides a case management capability to cross link investigations into a single case for correlation and reduction in time and resource
  • Detects cryptographic currency laundering services
  • Assists in de-anonymization of cryptocurrency transactions
  • Provides attribution of transactions and identifies currency exchanges that can be subjected to subpoena
  • Develops regulations and compliance programs

 

APPLICATIONS

 

CipherTrace automatically searches through thousands of ransomware payoffs to determine where money is flowing and map common addresses, wallets, and exchangers. The view presented below depicts 88 victim payoffs. CipherTrace visualizes the illicit funds’ path as they flow through several addresses and, ultimately, into an exchanger for cashout by criminals.


 
DEEP AUTOMATED RESEARCH YIELDS THE ABILITY TO TRACK HOW RANSOM FUNDS ARE DISTRIBUTED, SOME AS PAYOFFS TO AFFILIATES



The address depicted, 1Ey4xu, has large amounts of funds flowing to it. While analysts initially assumed that sophisticated ransomware criminals would leverage different addresses at their exchanger, this visualization reveals that they funnel funds through several addresses. This address alone has received 3,000 Bitcoins from ransomware in only three weeks.

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AP-CIPHERTRACE