Hydra

2024

ZachXBT

James

Chainalysis, a blockchain analytics firm, strengthens its abilities in the fight against cryptocurrency crimes by harnessing Jim Lee, the previous IRS-CI unit chief. Lee will now be performing a job recently created by Chainalysis, entitled Global Head of Capacity Building.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Chainalysis taps IRS exec who took down Hydra dark web – Blockchain forensics firm Chainalysis has appointed James Lee, the former chief of the U.S. Internal Revenue Service (IRS) Criminal Investigations, as its Global Head of Capacity Building. Lee, whose last day with the … <a href="https://t.co/eSbpW13G7Q" target="_blank" data-wpel-link="external" rel="noopener noreferrer nofollow">pic.twitter.com/eSbpW13G7Q</a>— The Industry Spread (@industryspread) <a href="https://twitter.com/industryspread/status/1777370598038990927?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">April 8, 2024</a>
 </blockquote>
 </div>
</figure>
Lee will work with regulators, law enforcement agencies, tax authorities, and financial institutions. He will&nbsp;help crypto businesses and financial institutions in the private sector build and maintain robust compliance programs.
He aims to shape new approaches for fighting crypto crime more efficiently by using Chainalysis products and data sources.
Lee was the IRS chief for 29 years and served as the head of the <a href="https://www.irs.gov/compliance/criminal-investigation" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">IRS</a> Criminal Investigations for three years before joining Chainalysis. While in his office, the agency reached substantial success including; the <a href="https://home.treasury.gov/news/press-releases/jy0701" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">shutdown </a>of Hydra, a darknet marketplace, the seizure of crypto assets from Hamas, and the takedown of Welcome to Video, a darknet platform facilitating child sexual abuse material (CSAM).
Lee admitted that virtual currencies have numerous capabilities, but also acknowledged them to be employed in criminal activities. He emphasized the importance of equipping law enforcement agencies with advanced technical tools and data to enhance security in the cryptocurrency and safeguard users.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/04/06/zachxbt-claims-irs-pressure-privacy-invasion-crypto-probe/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">ZachXBT Claims IRS Pressure: Privacy Invasion &amp; Crypto Probe</a>&nbsp;
</blockquote>

Chainalysis Recruit Ex-IRS Chief to Fight Crypto Crimes

The Crypto Times

Другие статьи, опубликованные 9 апр. 2024 г.

New Alliance in Web3 Gaming as Illuvium (IBG) partners with Samsung

Idol World's $TOME: Redefining Meme Coins with Purpose

Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank

Cat Vs Dog-Themed Memecoins: Where are Weekly Flows Going?

Ethereum soars on ETF speculation, SEC watch begins

Why Dogecoin Price Fell Despite Crypto Market Recovery?

Join our free newsletter for daily crypto updates!