Cointelegraph - Chainalysis exec touts blockchain analysis to Senate homeland security committee
Article Review #3
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Last Tuesday, June 7th, three private-sector experts testified before a Senate committee on ransomware attacks and how to combat them. One of the experts, Ms. Koven claims that blockchain research can provide “immediate insight into the network of wallet addresses and services (e.g., exchanges, mixers, etc.) that facilitate the illicit actor,” in contract to the lengthy processes of traditional financial investigation. Furthermore, blockchain analysis can be used to trace attackers' rebranding, and Chainalysis has created technologies to monitor funds through cryptocurrency mixers.