New Chainalysis program aims to help sort confiscated crypto

In the 11 years since the inception of the crypto industry, malicious parties have used digital assets for a spate of illegal activities, from drug payments to money laundering. Blockchain analytics firm Chainalysis is launching a new service to help authorities track, custody and sell cryptocurrencies associated with crime after their capture. The firm calls the initiative its Asset Realization Program.

“Chainalysis created an end-to-end solution for track and trace, pre-seizure planning, handling, storing, realising, and monitoring assets seized by law enforcement,” Chainalysis’ general manager of the European, Middle Eastern and African region, Duncan Hoffman, told Cointelegraph.