Head of Chainalysis Investigations Admits There's No Scientific Evidence Proving Their Surveillance Software Works
Elizabeth Bisbee, head of investigations at Chainalysis Government Solutions, testified that she was 'unaware' of scientific evidence for the accuracy of Chainalysis’ Reactor software used by law enforcement.
- Bisbee was testifying in a case between the U.S. government and Roman Sterlingov, the alleged creator of the once popular Bitcoin Fog cryptocurrency mixer used to anonymize bitcoin transactions.
"Chainalysis clustering methodologies have not been peer-reviewed in the sense that an academic paper would get peer-reviewed with data and methodology(ies) reviewed in a separate study by other scientists," was stated in her declaration.
- "Instead, Chainalysis reportedly judges its software’s accuracy using customer feedback, she reportedly explained in an unreleased transcript of a June 23 hearing.
- "Historically, Chainalysis has not gathered and recorded in a central location false positives /false negatives because there is design to be more conservative in the clustering of addresses."
- "In response to the Court’s inquiry, Chainalysis is looking into the potential of trying to collect and record any potential false positives and margin of error, but such a collection does not currently exist."
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