Lambda256 announced on the 16th that it signed a business agreement (MOU) with AhnLab Blockchain Company (ABC) for a virtual asset wallet tracking service business.
Through this agreement, the two companies will jointly develop a virtual asset fund tracking service that can track illegal activities such as money laundering and hacking within the blockchain ecosystem, and strengthen related technology research. The two companies plan to carry out overall cooperation including virtual asset wallet services, tracking and security, solution combination, joint research and development, promotion, and sales. In particular, it is drawing attention because the cybersecurity analysis and response capabilities of AhnLab, the parent company of AhnLab Blockchain Company (ABC), will be integrated and provided. AhnLab plans to provide the expertise necessary for strengthening security and tracking illegal activities within the blockchain ecosystem based on its experience responding to cyber threats accumulated over many years.
Lambda256 is in charge of data analysis and monitoring required for tracking virtual asset funds, and plans to utilize Clair, released last November, to visualize and analyze asset movement patterns between wallets based on a blockchain knowledge graph, and quickly detect abnormal transactions to utilize for criminal investigations, etc.
“This agreement is the first case of private cooperation between domestic blockchain technology companies to jointly develop solutions to respond to virtual asset crimes,” said Nam Ki-hoon, CTO of Lambda256. “We will precisely analyze virtual asset wallets and transaction flows to support investigative agencies’ criminal investigations and create an environment where users and institutions can safely trade virtual assets.”
“With crimes using virtual assets on the rise, this agreement is an important first step toward increasing the safety of the virtual asset ecosystem and strengthening user protection,” said Kang Seok-gyun, CEO of AhnLab Blockchain Company (ABC). “Through this collaboration, we will do our best to create a blockchain environment that users can trust and showcase competitive technology in the global market.”
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