Chainalysis, Crypto-tracing Software Company expands to cover more cryptocurrencies
Anti-money laundering software maker, Chainalysis Inc is expanding its operations to cover more cryptocurrencies as the demand for more secure transactions rises. Jonathan Levin, the firm’s co-founder in a recent telephone interview says they are set to start detecting money laundering and criminal activities in Bitcoin Cash.
The firm has spent months perfecting Bitcoin-tracing software and helped investigators track the funds Mt. Gox lost in 2014 after a hack that resulted in the loss of bitcoins valued hundreds of millions of dollars. The software helped the investigators make at least one arrest that of Michael Gronager, the Chief Executive Officer.
The anti-money laundering software company plans to support investigations and also monitor up to ten more crypto coins by the end of the year. Levin says customers want to see them cover more cryptocurrencies and are increasingly interested in tracing Ripple, Litecoin, Ether, Ethereum classic and many others.