Morell, Michael, et al. An Analysis of Bitcoin’s Use in Illicit Finance. Beacon Global Strategies, p. 11. Zotero, https://cryptoforinnovation.org/resources/Analysis_of_Bitcoin_in_Illicit_Finance.pdf.
28) Post, Kollen. “Chainalysis and Texas Firm Win Million-Dollar IRS Contract to Crack Monero.” Cointelegraph, Cointelegraph, 30 Sept. 2020, cointelegraph. com/news/chainalysis-and-texas-firm-win-million-dollar-irs-contract-to-crack-monero.
29) Jevans, Dave. “CipherTrace Files Two Monero Cryptocurrency Tracing Patents.” CipherTrace, 21 Nov. 2020, ciphertrace.com/ciphertrace-files-two-monero-cryptocurrency-tracing-patents/.
30) “Benjamin Sauter Explains Precedent-Setting Digital Currency Recovery Case.” Benjamin Sauter Explains Precedent-Setting Digital Currency Recovery Case | Kobre & Kim - Disputes and Investigations, kobrekim.com/insights/publications/benjamin-sauter-explains-precedent-setting-digital-currency-recovery-case
"Like other illicit activities, such as the use of performance enhancing drugs in athletics, authorities are constantly working to catch up to new masking techniques used by illicit actors. In the case of cryptocurrency, blockchain analytics firms are developing new forensic tools to counter the use of technologies that create more anonymity—like privacy coins, mixers, tumblers, layering, and chain-hopping.
"For example, in September 2020, Chainalysis was awarded a $625,000 grant from the IRS to develop Monero-tracking software.28 Last November, CipherTrace also filed two patents for technologies related to tracing Monero transactions after working with the U.S. Department of Homeland Security.29 Finally, in December 2020, cryptocurrency forensics software was even able to reliably trace stolen Bitcoin that had been passed through several coin mixers.30"
28) Post, Kollen. “Chainalysis and Texas Firm Win Million-Dollar IRS Contract to Crack Monero.” Cointelegraph, Cointelegraph, 30 Sept. 2020, cointelegraph. com/news/chainalysis-and-texas-firm-win-million-dollar-irs-contract-to-crack-monero.
29) Jevans, Dave. “CipherTrace Files Two Monero Cryptocurrency Tracing Patents.” CipherTrace, 21 Nov. 2020, ciphertrace.com/ciphertrace-files-two-monero-cryptocurrency-tracing-patents/.
30) “Benjamin Sauter Explains Precedent-Setting Digital Currency Recovery Case.” Benjamin Sauter Explains Precedent-Setting Digital Currency Recovery Case | Kobre & Kim - Disputes and Investigations, kobrekim.com/insights/publications/benjamin-sauter-explains-precedent-setting-digital-currency-recovery-case
