Chainalysis Launches Tool for Automating Threat Tracking in Blockchains

Chainalysis has unveiled its new Workflows feature, designed to enhance on-chain analysis and streamline the identification of network vulnerabilities.

This innovative tool allows researchers and blockchain security teams to implement pre-defined actions without needing to write code, significantly reducing dependence on SQL or Python programming.

The company highlights that this solution is intended to standardize investigative procedures by utilizing pre-constructed templates.

Workflows features user-friendly, no-code interactive tools that facilitate comprehensive blockchain analysis via an intuitive interface.

Current capabilities of the Workflows tool include:

• Time and Amount Analysis: This function refines potential matches for transactions related to deposits or withdrawals, enabling quicker tracking of relevant activities.
• Common Counterparty Analysis: This feature uncovers interaction patterns among users on the blockchain.
• Targeted Wallet and Cluster Search: This tool assists in pinpointing addresses that align with the identifiable traits of malicious entities.

Chainalysis has plans to broaden the functionality of this tool, aiming to incorporate hundreds of workflows and mini-applications in the future.

In related news, experts from Chainalysis have projected that the financial losses from hacks could reach $3.4 billion by 2025, with North Korean hackers responsible for more than $2 billion of that total.