Key takeaways:
- Blockchain analytics company Chainalysis has deployed new smart contract-powered oracles designed to identify crypto addresses under sanctions
- The list of supported networks includes Ethereum and seven EVM-compatible platforms, including Avalanche and BSC
Chainalyis makes it easier to track sanctioned crypto wallets
The leading blockchain forensics firm, Chainalysis, has launched new distributed ledger tools designed to identify crypto addresses that have been put on a list of economic sanctions by the United States, European Union, or the United Nations.
The new tools have been made available to the broader public and do not require a prior customer relationship with the company, wrote Chainalysis in the statement.
The newly-launched smart contract-powered oracles allow interested parties to track addresses on Ethereum and a number of EVM-compatible networks, including Polygon, Binance Smart Chain, Avalanche, Optimism, Arbitrum, Fantom, and Celo.
Chainanalysis noted that it will do its best to keep the oracles connecting blockchain data and off-chain sanctions list curated by the US Department of the Treasury up to date, but “cannot guarantee the accuracy, timeliness, suitability, or validity of the data.”
The news of Chainalysis providing account tracking tools to the broader public comes days after publicly-traded cryptocurrency exchange Coinbase blocklisted more than 25,000 blockchain addresses linked to Russian individuals.
