Coinbase reportedly has contract with ICE to provide users’ geo-location data

Cryptocurrency exchange Coinbase The analytics program Coinbase Tracer is reported to be providing user data to the US Immigration and Customs Authority (ICE).

according to Contract The information obtained by the WatchDog Group’s TechInquiry includes “historical geographic tracking data” and transaction history.

This document, which was released at the request of the Information Disclosure Law, was published by ICE as Bitcoin (Bitcoin (bitcoin (bitcoin)).BTC), Ethereum (ETH), Bitcoin Cash (BCH), XRP (XRP) And tether (USDT).

Analytical features include “multi-hop link analysis of deposits and withdrawals”. This gives ICE insights into the transfer of these currencies. It also includes “Transaction Separation and Shielded Transaction Analysis” aimed at preventing some cryptocurrency users from using, for example, a coin mixer to clean their funds or hide their transactions. It has been. These features are designed to combat illegal activities involving digital currencies.

This data helps the Department of Homeland Security identify crypto investors and users using the Coinbase platform. This follows the previously known three-year contract between the crypto exchange and ICE.

The agreement was finalized at September last year Worth up to about $ 1.4 million, it is one of several additional contracts between crypto exchanges and US government organizations. In 2020, Coinbase 4-year contract Worth $ 180,000 to provide transaction information software to the Secret Service.

The service, now known as Coinbase Tracer, was formerly known as Coinbase Analytics. This service has also been criticized in the past. 2019, Coinbase I bought an exchange section In 2019, Coinbase executives also partnered with Neutrino, the blockchain intelligence company that first developed the software. “Sell client data to external sources” It raises concerns about the privacy of the exchange platform.