India’s Hornet Software Helps Police Track Crypto Wallets Used in Crimes

An Indian start-up firm, Hornet, has developed software that helps law enforcement agencies track suspected crypto wallets involved in criminal activity such as money laundering, drug trafficking, and terrorist financing. The software utilizes a unique algorithm to monitor flagged crypto wallets from popular cryptocurrency exchanges and peer-to-peer platforms. By linking these wallets to real-world entities through Bank KYC data, Hornet’s software facilitates comprehensive investigation, allowing the tracking of funds involved in fraud cases or tracing money trails for illicit activities such as terrorism financing or drug trafficking.