Avorak AI To Develop Forensic Tools
Ethereum, a well-known digital currency, has gained traction and is now a popular choice for DApps and smart contracts. Nonetheless, the rapid growth of the cryptocurrency market has resulted in an increase in crypto scams targeting unsuspecting investors.
In response to this expanding threat, the need for advanced forensic tools capable of identifying and analysing suspicious activity on the Ethereum blockchain has become increasingly obvious. Crypto forensic technologies can aid in the identification and tracking of cash involved with illegal operations. As law enforcement, regulators, and businesses seek ways to detect and counteract crypto frauds, the demand for these tools has skyrocketed.
Avorak AI has teamed up with crypto scam investigation specialists to develop cutting-edge forensic tools for the Ethereum blockchain. Existing technologies are limited in their capabilities and the Ethereum blockchain’s decentralised nature presents unique challenges for forensic investigation. Avorak AI hopes to develop cutting-edge forensic tools by combining their knowledge and resources.
(With inputs from Shikha Singh)
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