Blockchain

Story: Monero (XMR) Tracing Tool from Cipher Trace with Tracing Capabilities

By Maheen Hernandez

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Monero (XMR) Tracking Tool

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Dave Jevans was recently interviewed by Dr. Sarang Noether and Justin Ehrenhofer for more information about their Monero Tracing Tool.

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Justin Ehrenhofer tweeted:  “Dr. Sarang Noether and I just interviewed Dave Jevans (@davejevans), the CEO of @CipherTrace on their new Monero tracing tool.

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CipherTrace is a company focused on blockchain analytics.  They work with 3 different types of customers.

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Second user group are law enforcement and regulators.  So, users are those who work on criminal cases involving cryptocurrencies and try to figure out where the money went…

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The Third group are financial institutions who are primarily banks and we help them to monitor cryptocurrencies and also to assess companies when they want to provide banking…

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Cipher Trace provide for “Cryptocurrency Intelligence Solutions for More than 87% of Global Virtual Assets.”

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Sydney Ifergan, the crypto expert tweeted: “Monero Tracing tool From Cipher Trace who are involved in identifying illicit funds while en route is interesting.”

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The Cipher Trace are the world’s first blockchain Forensics Team where payment experts collaborate to fight crypto crime - e-crime.

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Those who are interested to know more might want to watch the video covering the entire interview.

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Reportedly, the Monero Tracing Tool has been developed to help with the US DHS investigations.  The claim now is that Monero can be traced.

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Reportedly, “The tools include transaction search, exploration and visualization tools for Monero transaction flows that have been integrated with CipherTrace’s inspector…

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Several community members are skeptical about this news.  They are wondering about the legitimacy of their claims.

The Currency Analytics

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