Tuesday 28 June 2022

San Francisco-based blockchain intelligence company TRM Labs has acquired UK-based investigations and training firm CSITech to expand crypto incident response services to the UK and Europe, the company said.

Terms of the transaction were not disclosed.

TRM's Crypto Incident Response unit provides investigative services to organisations responding to exploits or breaches that involve cryptocurrency, such as ransomware attacks and hacks.

UK-based CSITech conducts complex corporate and public body investigations amounting to hundred of ms in funds recovered to TRM's roster of crypto forensics heavyweights.

TRM's globally-distributed Crypto Incident Response team provides investigative assistance from case initiation through to case closure. Investigators assist customers in tracing stolen funds (leading in some cases to asset recovery) and provide concierge services to connect victims to a global network of law enforcement agencies, cybersecurity firms and specialised law firms.