This Project Grant from the National Science Foundation's Technology, Innovation, and Partnerships program (CFDA 47.084) provides $255,946 to Heights Labs, Inc. to develop comprehensive blockchain transaction monitoring technology for detecting illicit cryptocurrency accounts and funds in close to real time. The awardee will scale network tracing algorithms to monitor the entire Bitcoin and Ethereum blockchains, identify known illicit accounts through on-chain and dark web activity cross-referencing, and create a novel network visualization tool showing links between suspect and known illicit accounts involving thousands of fund transfers. This technology aims to substantially enhance the ability to trace complex money laundering and fraud schemes involving cryptocurrencies affiliated with organized crime, narcotics trafficking, human trafficking and terrorism. If successful, it could help secure cryptocurrency systems and advance related fields while growing legitimate use of cryptocurrency.
Generated 1/7/24, 4:16 AM