Blockchain analytics and cryptocurrency intelligence firm Ciphertrace announced Friday that it has filed two monero tracing patents. One patent is called “Techniques and Probabilistic Methods for Tracing Monero” and the other is “Systems and Methods for Investigating Monero.”

They two patents cover a number of areas, including “Forensic tools to explore monero transaction flows to assist in financial investigations,” “Transaction visualization tools and ways to track stolen monero currencies or illicit monero,” and “Methodologies for gaining intelligence about transactions that rely on third-party nodes.” The crypto intelligence firm described:

Ciphertrace’s goal is to enable the detection of criminal users, therefore increasing the safety and sustainability of privacy coins like monero in the future.

Founded in 2015, the company has about 150 customers who are banks, crypto service providers, government agencies, and regulators. It is funded by the U.S. Department of Homeland Security (DHS), its website details.

Ciphertrace began developing these tools “within the scope of a Department of Homeland Security project” in early 2019, the firm clarified. “This project has laid the groundwork for future implementation of entity transaction clustering, wallet identification, exchange attribution, and other functionality that will provide law enforcement with even more tools for investigating monero transactions and addresses related to criminal activity.”

The company announced at the end of August that it had developed tools for the DHS “to track transactions of notoriously difficult-to-trace privacy coin monero (XMR).” However, XMR proponents disagreed.

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