Coinbase helped convict 5 criminals using blockchain forensics, CEO says

Coinbase CEO Brian Armstrong announced on X that the company has collaborated with law enforcement to support criminal investigations using blockchain forensics. Armstrong explained that the company's investigation team identified criminal activity and used on-chain tracking to pinpoint the perpetrators, which ultimately led to the conviction of five individuals. He also expressed his gratitude to the UK's Bedfordshire, Cambridgeshire, and Hertfordshire Major Crime Unit.