Unveiling Crystal: A Comprehensive Tool for Investigating Cryptocurrency Fraud

 

Crystal is a tool for investigating fraud with cryptocurrencies

hightech.fm

4 min

January 31, 2018

View Original

Crystal provides full access to the bitcoin blockchain and uses advanced analytics to find and display suspicious transactions and related objects. The innovative tool also offers a proprietary "Risk Score" system to help identify and monitor suspicious activity. Crystal was designed to be used by law enforcement, to identify the real identities of entities making suspicious bitcoin transactions and to determine the relationships between criminal activities, as well as for use by financial and other institutions involved in investigations and providing legal expertise.

“Public blockchains have the potential to fundamentally improve our daily life, improve its quality. Unfortunately, there are people who use the pseudo-anonymity of public blockchains to commit crimes. The new Bitfury Group Crystal tool will make it much easier to detect and track illegal activities on the blockchain. With Crystal, we are taking an important step towards ensuring that the Bitcoin blockchain and other public blockchains have a secure future,” said Valery Vavilov, CEO of Bitfury Group.

Blockchain and cryptocurrencies offer significant advantages as tools for decentralized asset transfer and accounting. As the blockchain becomes more popular and widely used, there is a need for a set of tools to track illegal activities. Crystal is currently the most complete and effective tool to link a pseudo-anonymous bitcoin payment to a real person, identify the owner of a bitcoin wallet and links between different blockchain entities, and provide irrefutable evidence of these actions and the links between them.

Starting today, the basic version of the Crystal software will be available to users free of charge, with pricing for Pro subscriptions for organizations to be announced in March.

О Crystal

Crystal has a wide range of attributes to ensure blockchain investigations are carried out in the most efficient way possible.

Comprehensive toolbox

Crystal gathers all the information available online into one easy to use user interface. Blockchains contain a huge amount of data; Crystal checks this data and analyzes it. Blockchain data is often not associated with a specific entity – especially when it comes to illegal activities. Crystal goes beyond the blockchain and collects information about bitcoin addresses and objects from other sources such as web forums and other sites where blockchain users gather. Thanks to this integrated approach, Crystal is able to establish not only the address of the subject, but also his identity.

User-Friendly Explorer

The Crystal interface is easy to use and more functional than the ones available on the market. The intuitive tool allows investigators to focus only on relevant transactions and addresses, while allowing for more detailed analysis of specific transactions.

Offline Tracking

Crystal gives a complete visualization of transactions and the address of the final recipient or the address of the institution where the funds were withdrawn to fiat. Automatic tracking of suspicious transactions saves days compared to manually searching for information. An email notification will be sent when the search is completed.

Detailed risk assessment

Crystal helps investigators with transaction scoring and risk assessment. Armed with this "risk scorer", law enforcement officers and others involved in the investigation can track down the most suspicious transactions. To obtain a risk assessment, Crystal monitors the relationship between the entity and unscrupulous market participants (such as black market traders) and reliable counterparties. As a result, Crystal reports the degree of probability that a particular address is used for illegal transactions. The results of the data analysis are presented in the form of a graph that can be used in other software tools or for reporting. Crystal is the main data source for cryptocurrency analytics and blockchain investigations.

Subject Interaction

Crystal provides evidence of connections between different participants in the system, which makes it easy to determine whether transactions were carried out by one or another person. The intuitive interface displays the total number of transactions and amounts transferred between two objects over a certain period of time.

Advanced analytical services (disentanglement, clustering, data collection)

An entity can use multiple bitcoin addresses, and a single transaction can distribute funds to multiple recipients, making it difficult for investigators to track down a specific individual. Crystal can easily determine the desired object and the movement of its funds using unique, efficient algorithms that group addresses belonging to the same owner into a cluster, thereby making all transactions related to the same object appear in the output.

Secure Infrastructure Support

The Pro version of this product can be used as an internal investigative tool deployed on the internal infrastructure in accordance with the client's security policy. No data will ever leave the secure perimeter of the corporate network.

Bitfury Group is a diversified blockchain company, developer of software and hardware for working with the blockchain. Bitfury Group is an international team of technology, business, communications, security and civil society experts. The experience of the Bitfury Group ensures successful, easy, fast, secure and cost-effective communication with the blockchain. Bitfury Group is an international team of technology, business, communications, security and civil society experts. The Bitfury Group believes that blockchain will open new doors for global economic opportunity and prosperity, and its mission is to create and promote software applications that will further drive innovation and the decentralized economy.

**Заголовок:** Unveiling Crystal: A Comprehensive Tool for Investigating Cryptocurrency Fraud  

**Підзаголовок:** Enhancing Blockchain Transparency and Security  

**Вступ (абзац під опис для пошукових роботів в блог):**  

Dive into the world of cryptocurrency investigation with Crystal, an innovative solution that provides unparalleled access to the bitcoin blockchain. This tool employs advanced analytics to unveil suspicious transactions and related elements, offering a proprietary "Risk Score" system for efficient detection of illicit activities. Designed to aid law enforcement and financial institutions, Crystal emerges as a pivotal resource in the fight against cryptocurrency fraud.

**Блоги (звичайні теги через кому):**  

Cryptocurrency, Blockchain, Investigation, Fraud Detection, Risk Assessment, Transparency, Security

**Ключові слова (окремим абзацом для SEO спеціаліста):**  

Crystal tool, Cryptocurrency investigation, Bitcoin blockchain, Fraud detection, Risk scoring, Illicit activities, Law enforcement, Financial institutions, Transparency, Security

**Соціальні медіа (гештеги):**  

#CryptocurrencyInvestigation #BlockchainSecurity #FraudDetection #Transparency #RiskAssessment

**Заключна частина (висновок):**  

In the ever-evolving landscape of blockchain and cryptocurrency, Crystal emerges as a beacon of transparency and security. Its unparalleled ability to uncover suspicious activities and establish connections sets a new standard for fraud detection. By bolstering the efforts of law enforcement and financial institutions, Crystal takes a crucial step towards safeguarding the integrity of the blockchain realm.

Переконуюсь, що текст має правильний оформлення, містить важливі аспекти, і відповідає вимогам та напрямку оригінальної статті.

Просмотры: