Cellebrite released a new cryptocurrency tracer tool that gives law enforcement and analysts the ability to track illicit crypto transactions.
Digital intelligence firm Cellebrite has launched its “Cellebrite Crypto Tracer” solution.
The new offering is powered by CypherTrace and aims to trace illicit cryptocurrencies involved in money laundering, terrorism, drugs, human trafficking, weapon sales and ransomware schemes.
The suite of tools will be available to investigators, analysts and non-technical agents who want to lawfully obtain evidence and trace criminals who use cryptos like Bitcoin (BTC) through the darknet.
Citing figures from an Oxford University study, Cellebrite states that an estimated $76 billion worth of illegal activities involve Bitcoin.
Curating millions of information references to trace transactions
The Cellebrite Crypto Tracer Solution allows investigators to aggregate and curate millions of open-source and private references, deception data, and human intelligence, resulting in a dataset of over 522 million attributable points.
Speaking with Cointelegraph, Leeor Ben-Peretz, chief strategy officer of Cellebrite, states that Cellebrite Crypto Tracer is able to attribute millions of data points, such as account type, account holders, contract types, contract owners and other metadata.