AMLBot launches AI Tracer for self-service blockchain investigations

Crypto forensics firm AMLBot has introduced AI Tracer, an AI-powered tool aimed at enabling users with no technical expertise to trace digital assets on the blockchain, even when they have been stolen. The AI Tracer analyzes visible fund movements from a transaction hash across various blockchain networks. According to AMLBot, the tool is designed to fill the gap in the market for specialized software and knowledge required to trace transactions.

The tool can trace through cross-chain transfers and when assets are split across multiple wallets. The process is automated, with the AI traversing the transaction graph, following fund movements from the initial address through intermediate wallets to the final destination, and comparing these wallets against known entity labels.

However, it's important to note that AI Tracer cannot see transfers between internal exchange accounts, determine the purpose of a payment, freeze assets, or guarantee recovery. Its reports serve as a starting point for investigations and are not a substitute for a full audit or legal process. The tool provides a free check and paid plans with higher limits on automated checks.

Currently, it supports transactions on networks like Bitcoin, Bitcoin Cash, Litecoin, TRON, Ethereum, BNB Chain, Ethereum Classic, Polygon, Arbitrum, Base, Optimism, Solana, Cardano, and Ripple. AMLBot highlights that the tool is useful for journalists, researchers, traders, crypto users wanting to understand transaction paths, as well as law enforcement agents investigating crypto crimes, independent investigators, and compliance teams.