Tag: crybercrime

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Agent Smith says Secret Service seized $102M in crypto in 254 cases since 2015

April 20, 2022

The U.S. Secret Service says the immutable and transparent aspect of the blockchain ledger allows the agency to track transactions made by criminals easier than cash in some cases. A top official from the U.S. Secret Service (USSS) says the agency can track the flow of Bitcoin and other cryptocurrencies in a similar manner to…
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Chainalysis acquires cybercrime investigative firm Excygent in fight against ransomware attacks

October 6, 2021

“Following the flow of ransomware payments on the blockchain is instrumental for law enforcement to understand and dismantle ransomware operations,” said Chainalysis CEO Michael Gronager. Blockchain analytics firm Chainalysis has purchased cybercrime investigative company Excygent for an undisclosed amount, hinting that the two will continue to work together to help “dismantle ransomware operations.” In a…
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