According to the blockchain intelligence firm Elliptic, cybercriminals are leveraging cryptocurrency analytics to get ahead of law enforcement. Elliptic says a “blockchain analytics tool has been launched on the dark web” and the tool is called “Antinalysis.”
Meet the Blockchain Analytics Tool ‘Antinalysis’ Hosted on Tor
On August 13, the blockchain surveillance company Elliptic published a blog post that details how the firm discovered a blockchain analytics tool that is leveraged by cybercriminals to protect themselves. The tool dubbed “Antinalysis” allows “bitcoin addresses to be checked for links to criminal activity,” Elliptic claims.
The company’s announcement further states that Antinalysis gives individuals the ability to “test whether their funds will be identified as proceeds of crime by regulated exchanges.” The company’s blog post adds:
Antinalysis seeks to help crypto launderers to avoid this, by giving them a preview of what a blockchain analytics tool will make of their bitcoin wallet and the funds it contains. The site runs on Tor, an anonymous version of the web commonly used to host darknet markets and other illicit services.