Dave Mack

We have a team of threat hunters.

That is correct.

It's a string of numbers.

Absolutely.

Yeah, so look, every cryptocurrency address is a unique string of letters and numbers.

And what we do is we associate those numbers with threat actors.

Think terrorist financiers, sanctions, ransomware actors.

And that allows law enforcement to track and trace the flow of funds to build investigation, prosecutions, to ultimately seize back those illicit proceeds.

It's a great question.

It's called a virtual asset unit within the FBI.

And there's a team of crypto tracers and they're the best in the world.

They've built investigations involving ransomware and North Korea hacks and terrorist financing.

And what they're doing is they're using TRM to track and trace the flow of funds to ultimately identify that individual.

The problem is, and you mentioned this, is that it really needs a payment.

A transaction must occur in order to start that tracing and tracking.

Because ultimately what you want at the end of the day are those funds to be cashed out at a cryptocurrency exchange.

Because when they hit that exchange, that's when you can get that underlying user information.

Who owns that account?

Because that exchange would have done the know your customer, right?

When you open that account on a crypto exchange, it's like opening a bank account.