Chains under attack: New Chainalysis tool tracks stolen crypto across multiple chains | Crypto

Chains under attack: New Chainalysis tool tracks stolen crypto across multiple chains

– Chainalysis has published a new tool that allows users to trace transactions and cryptocurrencies across many DeFi protocols and blockchains.
– On Wednesday, Chainalysis released a beta version of its Storyline program.
– Chainalysis Storyline is a new web3-native blockchain analysis tool for visualizing intelligent contract transactions, such as DeFi and NFTs.
– Chainalysis offers blockchain analysis, as well as annual reports on bitcoin crime trends and other data.
– DeFi protocols processed a rising quantity of currency from illegitimate addresses in 2021, while hackers targeted these platforms to exploit and steal cash.
– Chainalysis says that the two sectors contribute to even more than fifty percent of all bitcoin exchanges globally.
– Tracking unlawful transactions using DeFi protocols is difficult for bitcoin exchanges, DeFi protocols, and investigators.
– Users will be able to create their transaction route table using Storyline, starting with only a transaction hash.
– A chronology of notable token transfers and interactions may then be built.

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