Federal law enforcement agencies have seized more than $30 million in cryptocurrencies stolen by North Korean hackers earlier this year. The increase in charges and prosecutions related to cryptocurrency is a measure of the success of updated requirements and analytics products, said Brian Capra of Chainalysis.
However, federal agency leaders must remain increasingly alert to how cryptocurrency is being used to fund terrorist and cybercrime activities, said Capra, director of strategic applications for Chainalysis.
In a recent Daily Scoop Podcast, Capra gives his insight into how industry players can help government leaders access up-to-date information about crypto activities.
“Chainalysis monitors all transactions made on [crypto] coins we see on the blockchain. Imagine having access to all that information in a Fiat banking system. Chainalysis really goes beyond detecting monitoring and provides transparency within the blockchain,” explains Capra.
Listen to the full interview with Capra for more insights.