Integrating blockchain intelligence from TRM Labs into Magnet Graykey
The volume and complexity of mobile evidence continues to grow at an exponential rate, including increased instances of blockchain related evidence that can provide critical insight into illicit activities like fraud, money laundering, cybercrime, and more
To give online Graykey license holders the ability to quickly uncover critical blockchain evidence from seized iOS and Android devices, Magnet Forensics has partnered with TRM Labs —a leader in blockchain intelligence— to seamlessly integrate blockchain intelligence into the mobile forensics workflow.
The cryptocurrency workflow in Magnet Graykey
Once initial access to a mobile device is gained, you can run Graykey’s Crypto Triage option, which leverages TRM BLOCKINT API to surface intelligence on crypto artifacts such as on-chain activity and wallet information—including balances, volume of transactions, and indicators of illicit activity—all without ever leaving the Graykey interface.
The cryptocurrency information and attribution indicators from TRM Labs provide important insights to inform the prioritization of device processing. Based on the risk indicators associated with the crypto addresses found, you can make informed decisions on which devices require full file system extraction to enable deep-dive analysis.
TRM Labs customers can also use a direct link from the Graykey interface to open the addresses in TRM Forensics and trace cryptocurrency activity across 40+ blockchains and 200+ million digital assets. Agencies without an existing TRM subscription can request a free trial license granting temporary access to TRM’s blockchain intelligence.
The impact of cryptocurrency in public safety investigations
Actual figures for illicit use of cryptocurrency are commonly underreported due to complexities in detection and attribution of transactions, but even conservative estimates of are over 45 billion USD this past year alone.
Criminals increasingly rely on their mobile devices to conceal illicit cryptocurrency funds, which leads to mobile data including a wealth of indicators of criminal activity and money laundering practices that can be related to:
- Human trafficking
- Ransomware demand payments
- Darknet marketplace transactions
- Drug sales
- Scams and fraud
- Terrorist financing
About TRM Labs
TRM Labs provides blockchain intelligence to help government agencies investigate and build cases for digital asset fraud and financial crime. TRM’s blockchain intelligence platform includes solutions to follow the money, identify illicit actors, build cases, and construct an operating picture of threats. TRM is trusted by a growing number of leading agencies worldwide who rely on TRM for their blockchain intelligence needs. TRM is based in San Francisco, CA, and is hiring across engineering, product, sales, and data science. To learn more, visit www.trmlabs.com.