Antinalysis, a new service that helps dark web individuals to determine if their money are prone to be affected as crimes by cryptocurrency transactions, has been suspended.
Per a blog article by blockchain company called Elliptic, the technology assists thieves in evading being recognized as such while seeking to transfer out their unlawful earnings.
According to a message from one of Antinalysis’ admins to a BBC cybersecurity journalist, Antinalysis’ sources of information were taken only 8 hours after Elliptic’s site was published on Friday.
“Pharoh,” the technological admin for Incognito -the creator of Antinalysis, stated that the technology was not intended just for cybercriminals.
“They may now verify their own laundering tactics, such as the usage of mixing or stacking methods, by checking their own Bitcoin account before depositing at an exchanging service or other supplier.”
Robinson also mentioned that Antinalysis renders blockchain analytics accessible to the online population for the first time, allowing cryptocurrency clients worried over getting criminal gains to monitor the addresses before processing bitcoin.
“Until now, this sort of research has largely been employed by authorized financial institutions,” he noted.