On June 19, Merkle Science, the leading predictive crypto risk intelligence platform, and Carahsoft Technology Corp. announced a partnership to equip U.S. government agencies with advanced tools to counter illicit activity within the cryptocurrency space.
Under the agreement, Carahsoft will serve as Merkle Science’s public sector distributor, making its crypto forensics solution, Tracker, available to the public sector through Carahsoft’s reseller partners and NASA Solutions for Enterprise-Wide Procurement (SEWP) V, Information Technology Enterprise Solutions – Software 2 (ITES-SW2) and National Association of State Procurement Officials (NASPO) ValuePoint contracts. The partnership marks a significant step forward in addressing the evolving challenges posed by criminal exploitation of digital assets.
“As illicit actors increasingly gravitate towards Ethereum Virtual Machine (EVM) chains such as Tron, a blockchain-based operating system, the need for effective solutions to detect and investigate criminal behavior has become paramount,” said Mriganka Pattnaik, CEO of Merkle Science. “Our partnership with Carahsoft ensures that government agencies have access to reliable tools capable of swiftly identifying and attributing illicit activity, including providing support in emerging areas such as Tron investigations, demixing and cross-chain bridges, with high-quality attribution.”
Criminals are leveraging cross-chain bridges and mixers to obfuscate their trails, making traditional investigative methods less effective. This underscores the importance of strengthened public and private partnerships to decipher between illicit activity and funds sent to conflict zones for legitimate causes. Merkle Science’s Tracker solution offers the ability to track and trace cryptocurrency transactions with several additional features. These include tools to navigate DeFi and smart contact crimes, analyze chain hopping, accelerate investigations and more. With Tracker, government agencies gain enhanced coverage for EVM chains and Tron, 24/7 monitoring and real-time alerting and access to on-demand investigators and training.
“The rapid growth of criminal cryptocurrency activity poses a significant threat to national security and financial stability,” said Steve Jacyna, director of emerging cybersecurity solutions at Carahsoft. “Merkle Science’s platform offers advanced insights, attribution and coverage of EVM chains, enabling government agencies to crack even the most complex cases. Carahsoft and its reseller partners are excited to bring these capabilities to the public sector through our partnership, ensuring that government agencies have the solutions they need to combat crypto crime effectively.”
Source: Carahsoft
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By Loren Blinde
June 19, 2024
