According to a new research firm Diar, the us state Department paid over $5.7 million for services provided to companies working in the field of data analysis in public blockchains of cryptocurrencies. Total profit of these companies since the advent of bitcoin was $28.8 million.
The report took into account indicators such as Chainalysis, Elliptic, CipherTrace and Coinfirm. Most of them have special techniques and tools, with which it is possible to identify illegal activity and to identify the owners of addresses. Information about the ways and methods of their activities, to find is pretty hard as is, as a rule, were not disclosed, but according to publicly available data, they trace the transfers to cryptocurrency exchanges and other services where users must leave their personal information.
Particularly interesting is the fact that government agencies have increased spending on such services three times over the past six months. This may indicate that despite the bearish cycle on the cryptocurrency market, they do not lose interest to criminals who use the digital assets.
According to the study Diar, such services used by such agencies as the Commission on securities and exchange Commission (SEC), the U.S. internal revenue service (IRS), the Commission on trade commodity futures U.S. (CFTC) and the Federal Bureau of investigation (FBI). Over the years they made more than 50 research contracts with the above companies.
“Some cryptocurrencies have pseudo-anonymity, which allows businesses that are engaged in the analysis of the block chain can track the transfers of criminals. On the basis of this information is based the investigation and allegations. The investigating authorities devote a lot of attention, as evidenced by the increase in total expenditures for these services,” – says their study Diar.
CEO of DMG Blockchain Solutions, which recently acquired involved in the analysis of the block chain startup Blockseer, Dan Raziq explained: “Blockseer engaged in tracking transfers of coins in the blockchain of Bitcoin and Ethereum. This also involved the CIA, FBI, DHS and the IRS. Blockseer managed to track 4 of the purse, which was transferred stolen from the stock exchange CoinCheck $500 million, and then Japanese television invited their team to give an interview.”