A branch of the Russian intelligence service reportedly claims it has developed a way to track crypto transactions – and claims it can “partially” de-anonymize transactions made using bitcoin (BTC), ethereum (ETH), omni (OMNI), and dash (DASH), as well as the most popular privacy coin monero (XMR).
Per RBC, the claims were made by the Federal Financial Monitoring Service (known as Rosfinmonitoring), a government agency that attempts to fight money laundering and terrorism funding in the country.
The claims, said the media outlet, were made in a Rosfinmonitoring letter that was sent to the Ministry of Digital Development, Communications and Mass Media. RBC said it has obtained a copy of this letter.
Rosfinmonitoring said it has developed a prototype for a software platform that makes use of AI technology. The project, which is called “Transparent Blockchain,” and the media outlet said that the letter states that the Ministry of Internal Affairs has already started looking into the new platform’s potential usages.
The agency allegedly said that it makes use of technology that allows AI to classify transactions, matching them with common sets of crypto transaction profiles.
And the AI-powered system’s reach may not be limited to Russia. RBC said the letter states that “a number of overseas countries have also shown interest in the system.”
The media outlet said that the platform has similarities with offerings developed by the likes of America’s Chainalysis.
The platform will be able to do the following, said RBC: