Chainalysis Launches New Crypto Tracking Solution for Law Enforcement

Blockchain analytics firm Chainalysis has introduced a new tool to help law enforcement track stolen cryptocurrency more effectively. This “integrated solution” combines existing technology with new automation features to streamline investigations.

How It Works

Chainalysis Reactor – A preexisting blockchain investigation software that helps track crypto movements and identify entry and exit points (on- and off-ramps).
Wallet Scan – A new automated tool that quickly uncovers wallet structures, eliminating the need for manual wallet reconstruction.

AI-Powered Fraud Detection

Chainalysis Acquires Alterya – This AI-driven fraud detection firm works with major crypto platforms like Coinbase, Binance, and Block.
Monitors $8 Billion Monthly – Tracks both fiat and crypto transactions to detect suspicious activity.
Identified $10 Billion in Scam Payments (2023) – Showcases the growing need for enhanced security in crypto.

Rising Crypto Crime Trends

Total Losses in 2024 Exceeded $3.01 Billion – A 15% increase from 2023, according to blockchain security firm PeckShield.
Hacks and Scams Continue to Grow – Highlighting the urgent need for advanced tracking tools.