- Presumably to deal with that issue, several US law enforcement agencies, including the Federal Bureau of Investigation (FBI), the Drug Enforcement Administration (DEA), and Immigration and Customs Enforcement (ICE) have all paid for software from bitcoin tracking company Chainalysis according to public records, with one purchase order being signed just this month.
- In short, Chainalysis’ platform allows a user a bird’s-eye view of the blockchain, including transactions between specific bitcoin exchanges, such as Bitstamp, and other entities, including dark web marketplaces.
- Since August 2015, the FBI has spent over $330,000 on Chainalysis products, according to procurement records.
- “This subscription via Chainalysis allows users to navigate the public Bitcoin transaction hedger, tracing transactions across addresses, the Bitcoin equivalent of account numbers,” a note included with one of the FBI’s procurement records reads.
- Judging by another record, the technology is used by the FBI’s Criminal Investigative Division, and a third says the FBI has “successfully utilized” Chainalysis’ tool.
Private firms continue to fill in the gaps for digital investigators.
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