BigData Behind Blockchain Forensics

It seems a week doesn’t go by without more news of another cryptocurrency hack, fault, failure, scam, or what have you. Just this week saw EOS have a hacker lift $7.7 million in EOS after a mistake by one of their validators. You will often hear about how these types of transactions get resolved later, but not a lot of information is provided about how that happened. Last week I saw the news that controversial Italian surveillance vendor Neutrino was acquired by Coinbase (which Coinbase has already come to regret) and when I read up on them, I realized that it was companies like Neutrino that are able to help repair those hacks, track down the terrorist funding, ransomware, the gun running, and drug sales and other nefarious activity that can take place on blockchain. This led me to research the companies in this space and the one that looked the most robust to me was CipherTrace and speaking with CEO and co-founder Dave Jevans to find out more about what they do and how they do it.

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