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" Can you check this address? " This is often the beginning of an investigation. Cryptocurrency wallets are often suspicious and may even be used for criminal purposes, so a quick response is often required.
These wallets become an issue in a variety of situations, including reporting fraud, analyzing seized devices, and reporting threat intelligence. Even if you don't know the details of what the wallet is, everyone intuitively understands that it is an important clue. However, due to the complexity of cryptocurrencies and limited time, investigations can sometimes stall.
Cryptocurrency crimes are no longer just a concern for cyber departments. They are now being addressed across all areas of law enforcement, including financial investigations, intelligence operations, fraud, human trafficking, and field response. However, many investigators lack the time, tools, and expertise to "screen" or "initialize" these leads themselves.
These questions and issues pile up, and in some cases the case is referred to a cryptocurrency expert. However, there is no guarantee that an expert will be available, and due to time constraints, they may not be able to handle the case.
Chainalysis Rapid was developed to solve these on-site challenges.
No cryptocurrency expertise required: A "preliminary assessment" and "initial screening" tool for investigators
Rapid is the industry's first AI-powered cryptocurrency investigation support tool designed for investigators at government agencies and public institutions. Even without specialized knowledge of cryptocurrencies or investigations, it can quickly determine whether or not a wallet or transaction under investigation is something that requires investigation and action, eliminating the need to wait for an expert's response.
Simply enter your wallet address or scan a QR code and Rapid will automatically organize and analyze your information. Within seconds,
- Overview of the wallet
- Whether there are any organizations or people involved
- What actions should be taken in the future?
This allows government agencies to quickly respond to important information and efficiently carry out their investigations, even when there are a large number of investigation targets at their sites.
Rapid Features
Trusted AI summaries : Rapid doesn't make guesses or predictions, but instead presents Chainalysis' hard-to-understand information in an easy-to-understand way, including wallet balances, the blockchain used, and counterparties, along with specific next steps.
Get the full picture of your investigation : Easily see links to cross-blockchain mixers, darknet markets, fraud, sanctioned entities, and other illegal activity. Each summary also includes risk indicators and reference points for legal action. If further investigation is required, one click transfers all information to the assigned analyst for further analysis in Chainalysis Reactor .
- Works Anywhere: Rapid works on any browser, on any device – in the field, in the office, at your branch – with no installations or downloads required.
Built on trusted blockchain intelligence
Rapid is built on the rigorously vetted Chainalysis intelligence platform , trusted by over 1,500 government agencies and public institutions worldwide. Chainalysis investigative data is used in key investigations, court cases, and verdicts around the world, and its reliability is proven.
This intelligence is built on expert-developed advanced analytical methods (heuristics), comprehensive proprietary data sets such as Signals , and proven investigative models. Rapid leverages this data and know-how to support public agencies in their on-site investigations with confidence and speed.
Strengthening the team's cryptocurrency capabilities
Whether you're reviewing a fraud report, investigating a suspicious deposit or transfer, or reviewing suspicious transactions or wallet information, Rapid helps you accurately identify cases that truly require expert attention and seamlessly transfers them to specialists when needed.
Rapid has already helped government agencies and public institutions reduce backlogs and backlogs of investigations, and has helped them detect high-risk threats early. Furthermore, expanding cryptocurrency response beyond specialized departments has promoted cooperation and information sharing between departments, strengthening the investigative capabilities of the organization.
Don't let the complexities of crypto assets daunt you. If you're a public sector client using our Crypto Investigations Solution, you may already have access to Rapid. To learn more about Rapid, request access, or schedule a demo, contact your Chainalysis representative or fill out our demo request form.
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The post "Chainalysis Rapid," an AI-powered cryptocurrency wallet assessment tool that quickly assesses incident severity and urgency, provides powerful support for on-site response appeared first on Chainalysis .
