OREANDA-NEWS At the moment, the company's tools allow identifying addresses used to circumvent sanctions in the Ethereum blockchain and EVM-compatible networks (Polygon, Avalanche).

The analytical company Chainalysis has launched tools that allow you to track the cryptocurrency addresses of individuals and organizations on the sanctions lists. On March 10, the company launched the corresponding smart contracts that are able to identify wallets used to circumvent sanctions in the Ethereum blockchain and EVM-compatible networks (Polygon, Avalanche).

In March, Chainalysis plans to launch a free API (software interface), with the help of which it will be possible to identify wallets used to circumvent sanctions in the bitcoin and Litecoin networks.

Chainalysis is an analytical company that provides government agencies and law enforcement agencies with tools for tracking transactions in the blockchain, and also helps crypto exchanges identify malicious wallets.

Western countries have tightened anti-Russian sanctions after Russian President Vladimir Putin announced a "special operation" on the territory of Ukraine. Various restrictions on Russians have been introduced by some cryptocurrency exchanges and services.

Earlier, US Deputy Secretary of State Victoria Nuland said that the US authorities, together with allies in Europe, are exploring options to restrict Russia's access to cryptocurrency.