Chainalysis has announced the launch of Rapid, the first AI tool for analyzing crypto wallets designed for investigators of all skill levels. This new tool aims to simplify investigative processes in the cryptocurrency space.
Functions of Rapid
Rapid allows any investigator to enter a wallet address or scan a QR code, receiving a readable summary in under a few seconds. The results include information about wallet associations, blockchain activity, balances, and recommended actions.
Technological Features
The tool utilizes Chainalysis’s vast intelligence database, providing verified data on risks such as exposure to darknet markets, mixers, and sanctioned entities. Rapid also eliminates misunderstandings by flagging risk indicators and allowing quick escalation to deeper analysis.
Impact on Investigations
Rapid helps shorten response times and enables non-expert teams to make quick decisions, thus eliminating delays in investigations. This tool can significantly improve order in the fight against digital crimes.
With the launch of Rapid, Chainalysis takes a step toward expanding the capabilities of investigators, providing access to critical information about crypto wallet analysis, which promotes more effective combat against cryptocurrency-related crime.
