🔎 Identifying and Preventing Crypto Crimes

Today's Highlights

• Merkle Science - combatting crypto crime
• Learn - a couple of courses to further your knowledge in crypto.
• In Other News - a few interesting developments we're tracking.

Merkle Science - combatting crypto crime

Merkle Science offers threat detection, risk mitigation and compliance tools that help crypto companies, financial institutions and government agencies identify and prevent cryptocurrency-related crimes. The platform uses machine learning to track suspicious crypto wallets based on behavioral patterns.

Unlike other blockchain monitoring and investigative tools on the market, Merkle Science’s platform takes a behavior-based approach to transaction risk management — resulting in more proactive and effective crime monitoring and investigations. And the behavior-based approach enables Merkle Science’s intelligence platform to evolve with crypto-related criminal activity, simplifying crypto compliance and ultimately allowing businesses to focus on their core competencies.

The decentralized finance segment has grown over 800% in the last year and as of late, the bigger crypto hacks were DeFi-related where smart contracts were exploited. As criminal typologies continue to evolve in crypto, Merkle Science is enhancing its Tracker’s features to keep in-step with the challenges faced by the users everyday. Through Merkle Science’s analytics and proprietary algorithms, Tracker’s revamped features allow for forensic analysis on a cryptocurrency address or a cluster of cryptocurrency addresses at the same time, resulting in better collaboration, accuracy, and ease-of-use.

Tracker decodes the complex transaction logs associated with DeFi transactions, analyzing the fund movements within the smart contracts. Tracker provides a clear, graphical representation of fund movements across wallet clusters. With the click of a button, Tracker’s graph database technology helps investigators generate a map of incoming and outgoing entities associated with a wallet address.

Mriganka Pattnaik is the CFO and co-founder of Merkle Science. Merkle Science has raised a total of $25.6M in funding.

📚 Learn

In Other News