According to the company, the 10 biggest banks in the U.S. regularly process these crypto transactions for several companies with these payments going undetected. CipherTrace says the reason this can happen is that the institutions don’t have the kind of technology required to fish out these transactions.
CipherTrace constantly monitors crypto transactions and their blockchains, trying to fish out suspicious and irregular transactions. The company offers its services on at least 87% of all digital assets currently live.
Image Credits: Pixabay