ICYMI: New tech streamlines investigations into illicit crypto use
Law enforcement agencies in the US have been rapidly onboarding cryptocurrency investigative tools.
On May 18, at a conference in New York City, Jacob Illum, a chief scientist for blockchain sleuthing firm Chainalysis, announced a new investigative technology dubbed Storyline., Chainalysis is the current market leader in crypto investigations. Chainalysis’ flagship investigation tool has historically been Reactor, which visualizes crypto wallets and their transactions in extensive webs.
“The solution to obfuscation is simplicity,” Illum told The Block. Illum, who colleague and investigator Erin Plante described as “James Bond’s Q,” led the development of Storyline, which has been in beta testing within the company for the past eight months.
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