Canadian law enforcement has started using specialized software to trace crypto while investigating cybercrimes. Police now have the ability to trace blockchain transactions, identify suspects and determine where funds have been deposited.
As revealed by local police to the Lethbridge Herald newspaper, the police forces are already enjoying access to Chainalysis Reactor software. The program helps to trace cryptocurrency from the point of origin until it’s been deposited on an exchange. Once the trace identifies the platform, police can request the account holder’s information and transaction data to see where the cryptocurrency was sent beyond the exchange.