CipherTrace

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


Forensics

CipherTrace provides Bitcoin and blockchain analysis, security, forensics and investigation tools for law enforcement, intelligence collection and analysis, and financial services to investigate addresses, transactions and currency flows. These capabilities enable law enforcement agents and intelligence analysts to get their jobs done faster and more accurately.

Evidence & Investigations

CipherTrace works with law enforcement and the U. S. Intelligence Community to provide
evidence, actionable leads, and expert witness services in Bitcoin and other cryptocurrency investigations. CipherTrace’s solution can be leveraged during counterintelligence investigations to track the clandestine movement of money by hostile foreign intelligence services.

Research & Development

CipherTrace provides research and development services for the U.S. and foreign governments,  law enforcement, and the financial services industry. CipherTrace works side by side with some of the world’s leading laboratories to co-develop machine learning, blockchain security
technologies, and related capabilities.

 

CipherTrace automatically searches through thousands of ransomware payoffs to determine where money is flowing and map common addresses, wallets, and exchanges. The view presented below depicts 88 victim payoffs. CipherTrace visualizes the illicit funds’ path as they flow through several addresses and, ultimately, into an exchange 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 exchange, this visualization reveals that they funnel funds through several addresses. This address alone has received 3,000 Bitcoins from ransomware in only three weeks.


The Problem

Nature of anonymized transactions and growth in virtual currencies has motivated illicit criminal activity through virtual exchanges, such as:

  • Ransomware
  • Data extortion
  • Drug and cartel crimes
  • Child exploitation and human trafficking
  • Money laundering
  • Terrorist financing
  • International organized crime
  • Conventional and CBRN weapons proliferation

The CipherTrace Solution

  • Automated and analyst driven analysis and transaction flows
  • Multi-input matching algorithms
  • Targeted machine learning and pattern analysis
  • Geo identification
  • Closed source intel
  • Open source intel
  • IP address correlation
  • Profile hundreds of sites and services (e.g. known or suspected criminal, gambling, Bitcoin mixer or exchange, dark web market)

The Result

  • Detect large-scale fraud and money laundering
  • Significantly reduce work for analysts, specifically law enforcement agents and intelligence analysts
  • Identify subpoenable entities
  • Track criminals, drug traffickers, terrorists, and weapons dealers
  • Assign jurisdiction
  • Provide evidence
  • Decompose Bloom crypto filters
  • Joint investigation and case sharing

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