Canadian police now use Chainalysis to track and return stolen crypto
Canadian police tackling crypto crime are now using Chainalysis software to trace transactions, track suspects, and see where funds have been deposited, an upgrade that they believe will allow them to return more stolen funds to victims. Sergeant Kevin Talbot of the Lethbridge Police Service (LPS) Economic Crime s Unit announced on Friday that the force would be adopting a software program called Reactor developed by the blockchain forensics expert. As reported by the Lethbridge Herald, according to Talbot, it’s unusual for local police forces like the LPS to have such tech. “We’ll get to the point where we have transaction data but we’re unable to trace it because it requires special programming to do these things,” Talbot said (Via the Lethbridge Herald). The adoption comes at a time when police are seeing a trend of crypto investment scams according to Talbot. Now, he says, the force has its “ own training and programming to do it ourselves .” Crypto whales targeted in w...