Petition Challenges Use of Chainalysis Forensic Services by Federal Agencies
Summary:
A petition opposes the use of Chainalysis forensic services by federal agencies due to concerns about accuracy and legal issues. The petition argues that the software jeopardizes financial privacy and fails to meet standards for expert testimony. It also claims the technology can lead to potential privacy violations. The petition was publicized by Lola Leetz, and a report suggests Chainalysis' technology was used incorrectly in a recent case.
A petition opposing the use of Chainalysis forensic services by federal agencies has been launched on Change.org. The petition, initiated by a group called "Stop Chainalysis," raises concerns about the accuracy of Chainalysis' software and raises legal questions regarding the activities of the blockchain data analysis firm. The petition argues that the use of unproven software and potentially faulty methodologies by Chainalysis puts people's right to financial privacy in jeopardy. It also claims that Chainalysis' findings do not meet the Daubert Standard for expert testimony and lack peer review. The petition further contends that the service's technical issues could lead to potential privacy violations. It also argues that the use of unreliable technology by federal agencies violates the Fourth Amendment and the Bank Secrecy Act. The petition was brought to public attention by Lola Leetz, who has been a vocal critic of Chainalysis. In a recent case, a report submitted by CipherTrace director of investigations and intelligence Jonelle Still claimed that Chainalysis' technology was used incorrectly to link an individual to a cryptocurrency mixer.
Published At
9/12/2023 6:20:00 PM
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