Based on research funded partially by the U.S. Department of Homeland Security, CipherTrace offers next-generation visualization tools for Monero tracing.

MENLO PARK, Calif., Aug. 4, 2021 /PRNewswire-PRWeb/ -- The world's leading cryptocurrency compliance company, CipherTrace, has released enhanced Monero tracing visualization tools for qualified government agencies and financial institutions.

Based on research partially funded by the Department of Homeland Security Science & Technology Directorate, CipherTrace leads the cryptocurrency intelligence field with the launch of Monero tracing capabilities. CipherTrace takes Monero tracing capabilities to the next level with the ability to follow the flow of funds backwards from the transaction of interest to its source. The new enhancements offer customers the ability to prepare detailed visual reports to better trace suspicious activities. CipherTrace has applied for two US patents for their Monero tracing technology.