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Chainalysis (Courtesy: twitter)
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Chainalysis Awarded IRS Contract To Track Monero

Chainalysis (Courtesy: twitter)
Chainalysis (Courtesy: twitter)

According to an official post, Chainalysis won the contract along with Integra FEC LLC, a Texas-based forensic data analysis company, founded in 2012 and focused primarily on the field of traditional finance.

Provide information and technical capabilities for CI Special Agents to trace transaction inputs and outputs to a specific user and differentiate them from mixins/multisig actors for Monero and/or Lightning Layer 2 cryptocurrency transactions with minimal involvement of external vendors

Neither Chainalysis, the IRS or Integra FEC have provided any comment on the contract. Ricardo Spagni, a former Monero lead developer and privace advocate is also silent about this issue.

The U.S. government does not want to let any bird slip through its fingers. For several years, different agencies have been trying autonomously to find solutions that would allow them to use technology to โ€œbeatโ€ cryptocurrencies at their own game. The main argument is that these tokens are used for illicit activities, even with reports showing that criminals prefer traditional banks over cryptocurrencies.

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