Cellebrite Adds Cryptocurrency & Blockchain Investigations Solution to Industry Leading Digital Intelligence Platform

TYSONS CORNER, Va., July 28, 2020 /PRNewswire/ — Cellebrite, the worldwide chief in Digital Intelligence (DI) options for private and non-private sectors, right now introduced the launch of Cellebrite Crypto Tracer, a brand new complete cryptocurrency investigation answer designed to speed up investigations involving blockchain know-how and cryptocurrency. The answer, powered by CipherTrace, options highly effective and easy-to-use instruments, investigation companies, and coaching applications designed for investigators, analysts and non-technical brokers. The answer empowers groups to lawfully get hold of proof and hint criminals who use bitcoin and different cryptocurrencies for illicit actions, together with cash laundering, terrorism, drug and human trafficking, weapon gross sales, and ransomware schemes.

Every yr, an estimated $76 billion of unlawful actions contain Bitcoin. Nearly 100% of darknet market transactions, together with the sale of ransomware, unlawful medication and phishing kits, contain cryptocurrencies, largely attributable to their ease of transacting on-line and throughout borders. The use of cryptocurrencies amongst criminals might have been furthered by their perceived anonymity. Transactions are recorded on the blockchain, which is a public ledger, enabling anybody to see the transactions although not the identities of these executing mentioned transactions.

Cellebrite Crypto Tracer Solution:

The Cellebrite Crypto Tracer Solution is designed to disclose illicit transactions utilizing cryptocurrencies and permits investigators to mixture and curate hundreds of thousands of open supply and personal references, deception information and human intelligence, leading to a dataset of over 522 million attributable factors. These information factors give investigators full visibility into the lifespan of cryptocurrency transactions, together with the place the cash originated and the place it went, in each wallets and exchanges. Graphic mapping and color-coded menace stage transactions improve the visualization and understanding of the actions and speed up investigators’ skills to pinpoint main and related felony exercise and its perpetrators.

Powered by CipherTrace Inspector, the world’s most complete cryptocurrency intelligence device, the Cellebrite Crypto Tracer Solution provides investigators the power to:

  • Utilize a Blockchain Search Engine: Simply enter a cryptocurrency tackle or transaction ID into an intuitive search bar that may auto-complete lengthy addresses.
  • Conduct Risk Scoring: Profile tons of of worldwide exchanges, ATMs, mixers, cash laundering techniques, playing companies, and identified felony addresses and assign threat ranges to transactions.
  • Show a Deep Analysis of Potential Risks: Non-technical customers can visualize transaction flows to comply with digital cash trails with out turning into a cryptocurrency or blockchain professional.
  • Demonstrate High-Quality Advanced Attribution: Top entity typologies and attribution assortment strategies are simply identifiable inside Inspector.
  • Leverage a Massive Transaction Database: Allows customers to know interactions with a strong graph that traces the circulate of funds over time and thru the blockchain ecosystem.
  • Operate with Integrated Case Management: Gives investigators a handy solution to save analysis, replay searches, export investigation studies and collaborate with others concerned within the investigation.

Also included in Cellebrite Crypto Tracer:

  • Cryptocurrency Investigation Services: The Cellebrite Advanced Services (CAS) crew conducts felony and civil cryptocurrency fraud investigations for regulation enforcement and firms. Cellebrite licensed forensics consultants make use of superior strategies to reveal monetary cybercrime and fraud schemes by analyzing cryptocurrency artifacts and offering investigative groups with detailed documentation and insights by way of analyst stage studies.
  • Cryptocurrencies Investigation Training: A 3-day course in best-practices for cryptocurrency investigation strategies. The class teaches investigators learn how to use CipherTrace Inspector to acquire and analyze proof about people committing crimes utilizing cryptocurrencies.

“It has long been assumed that blockchain and cryptocurrency transactions remain untraceable and unknown,” mentioned Leeor Ben-Peretz, Chief Strategy Officer, Cellebrite. “This is a misconception. As a matter of fact, the essence of blockchain is to indelibly keep a record of each step of every transaction. We’re enabling investigative teams to extract this information and use the power of Digital Intelligence to aid them in interpreting the data needed to identify illicit blockchain activity and keep communities safe.”      

“We’re very excited to offer our best-in-class cryptocurrency tracing and blockchain analytic capabilities to enhance Cellebrite’s Digital Intelligence, training and investigative services,” mentioned Stephen Ryan, COO of CipherTrace. “As criminals increasingly utilize cryptocurrencies in their illicit activity, our partnership with Cellebrite will be that much more important to making the digital world a safer place.”

To be taught extra concerning the Cellebrite Crypto Tracer, please go to https://www.cellebrite.com/en/crypto-tracer/.

About Cellebrite
Cellebrite is the worldwide chief of Digital Intelligence options for regulation enforcement, authorities and enterprise organizations. Cellebrite delivers an intensive suite of modern software program options, analytic instruments, and coaching designed to speed up digital investigations and tackle the rising complexity of dealing with crime and safety challenges within the digital period. Trusted by 1000’s of main businesses and corporations in additional than 150 nations, Cellebrite helps fulfill the joint mission of making a safer world. To be taught extra go to us at www.cellebrite.com

About CipherTrace
CipherTrace, main cryptocurrency intelligence firm, protects monetary establishments from crypto laundering threat and helps to develop the crypto economic system by making digital belongings trusted by governments and secure for mass adoption. CipherTrace delivers the world’s most complete cryptocurrency intelligence to detect cash laundering, inform regulation enforcement investigations, and allow regulatory supervision. CipherTrace founders are devoted to defending client privateness, whereas defending in opposition to illicit finance. Deep experience in cybersecurity, eCrime, funds, banking, encryption, and digital currencies kind the muse for CipherTrace’s industrial choices. For extra info, go to www.CipherTrace.com or comply with us on Twitter @CipherTrace.

Contact:
Olga Shmuklyer, SVP 
Fusion PR
Mobile: (917) 715-0329
[email protected]

Adam Jaffe, VP of Global
Communications, Cellebrite
Mobile: +1 609 502 6889
[email protected]

SOURCE Cellebrite

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