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The World’s First
Blockchain Forensics Team

Bitcoin, eCrime, and Payment Experts Collaborate to Fight Crypto Crime

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Our Mission

To protect banks from crypto laundering risk and grow the crypto economy by making virtual assets trusted by governments and safe for mass adoption.

Explore Our History

2011

CipherTrace CEO Dave Jevans begins annual reporting on Bitcoin price fluctuations versus security hacks at the APWG eCrime conference. Buys his first Bitcoins at $11.

2012

CipherTrace CTO Shannon Holland builds his first liquid cooled Bitcoin mining rigs with custom ASICs and firmware.

2014

CipherTrace founders lose bitcoins in the MtGox meltdown. They focus on building a solution.

2015

CipherTrace is founded to productize blockchain forensics and intelligence.

2016

Launches bitcoin investigative product.

Secures first $1M per year customer, and first major government contracts.

CipherTrace joins the Blockchain Alliance.

Traces Locky ransomware to BTC-e, and attributes 95% of global ransomware laundering to BTC-e.

2017

BTC-e operator arrested.

Launch of CipherTrace blockchain intelligence API product.

CipherTrace begins tracing Ethereum, joins Enterprise Ethereum Alliance.

CipherTrace professional services launched to assist with ICO compliance.

2018

Launches CipherTrace Cryptocurrency AML services to risk-score transactions and addresses.

Launches CipherTrace Cryptocurrency Monitoring and Supervision services
Publishes Quarterly Cryptocurrency AML Report.

Partners with IdentityMinds for KYC; Maltego for researchers; and Modulus for Exchanges.

2019

Launches CipherTrace Crypto Risk Intelligence for banks and financial institutions.

Achieves major leap in cryptocurrency coverage—more than 800 tokens.

Sponsors and organizes first Travel Rule Compliance Conference and Hackathon in San Francisco.

Rakuten partners with CipherTrace to deliver AML for major new Tokyo cryptocurrency exchange.

Binance partners with CipherTrace to enhance compliance.

Malta Financial Services Authority partners with CipherTrace for virtual asset business compliance.

Unveils TRISA, a trustworthy open source solution for FATF Travel Rule compliance.

Introduces mobile app for cryptocurrency forensics and investigation.

Raises $15 million in venture funding.

CipherTrace CEO Dave Jevans qualified as first-ever bitcoin expert witness by Canadian court.

2020

NICE Actimize adds CipherTrace to X-Sight Marketplace.

Founders

The CipherTrace leadership team has deep expertise in cybersecurity, payment systems, bitcoin mining, and were early participants in the bitcoin community.

David Jevans

Chief Executive Officer

Dave Jevans is a founder and CEO of CipherTrace. He is a serial entrepreneur in crypto, security, and Fintech. Mr. Jevans holds 17 U.S. patents, mainly focusing on cybersecurity and cryptography. As an early cypherpunk, he became involved in cryptocurrencies in 1999, closely tracking DigiCash, e-gold, and other early innovators. In 2011, Jevans “went down the rabbit hole,” embracing Bitcoin and tracing criminal activity on the blockchain.

Read the BioView the Leadership Team

David Jevans

Chief Executive Officer

Dave Jevans is a founder and CEO of CipherTrace. He is a serial entrepreneur in crypto, security, and Fintech. Mr. Jevans holds 17 U.S. patents, mainly focusing on cybersecurity and cryptography. As an early cypherpunk, he became involved in cryptocurrencies in 1999, closely tracking DigiCash, e-gold, and other early innovators. In 2011, Jevans “went down the rabbit hole,” embracing Bitcoin and tracing criminal activity on the blockchain.

After an early technical leadership career at Apple, Jevans founded his first encryption company, Receipt.com, which went IPO in 2000 after merging with fellow crypto company Valicert. Receipt.com’s secure messaging products continue to underpin global financial networks for banks as well as SWIFT—the de factoinfrastructure for moving value across borders, spanning more than 200 countries.

Jevans went on to found IronKey, a hardware encryption company that continues to thrive in financial, consumer and government markets as a division of Kingston. He then brought mobile security company Marble to market, which is now part of security leader Proofpoint.

In 2015, he founded CipherTrace with the vision of building a global company that makes cryptocurrencies safe, secure and compliant. The company is already well on the path to becoming the leader in blockchain intelligence and security. Jevans believes that with its top-name customers, strong growth—plus the team’s unparalleled depth of experience in eCrime, cybersecurity and payments prior to becoming early blockchain adopters—CipherTrace can achieve another IPO success.

An industry expert on blockchain security, internet fraud and cybersecurity, he has advised Congress on these topics and is frequently quoted by the media, including American Banker, Bloomberg TV, CIO Magazine, Dark Reading, Information Week, MSNBC, PC Magazine, and the Washington Post. Jevans speaks frequently at events around the world on the blockchain, cryptocurrencies, and electronic crime.

He is also the founder and Chairman of APWG.org, a security non-profit with over 1,500 corporate and government members that produces the Electronic Crime Symposium, bringing cutting-edge research from emerging PhD students to a global stage. APWG also operates the eCrime Exchange, a real-time data exchange for sharing phishing, malicious IPs, and criminal cryptocurrency addresses.

Jevans holds a Master of Science degree in Computer Science from the University of Calgary, Canada.

Shannon Holland

Chief Technical Officer

Shannon Holland is a founder and CTO of CipherTrace where he leads research and development of CipherTrace’s advanced cryptocurrency forensics tools. Mr. Holland has 20 years of experience in developing secure and scalable computer technology. He is a distinguished software engineer with a broad range of experience, ranging from low-level software and hardware design to large-scale application servers. Additionally, Mr. Holland was an early bitcoin miner.

Prior to CipherTrace, Mr. Holland was the Lead Threat Intelligence Engineer at Marble Security where he led the R&D of mobile app threat intelligence and analyzed over 2 million IOS and Android apps across various marketplaces. He also led the research and development of the IronKey security devices, including their cryptography, key management, firmware and hardware design. Shannon is the co-inventor of numerous security and cryptography patents, and produced the first certified tamper-proof, FIPS 140-2 Level 3 mobile device.

Early in his career Mr. Holland worked on the OS team at Apple Computer where he significantly optimized many portions of QuickDraw and built the Macintosh Color Picker. During his consulting career he has enjoyed success improving Netscape Communications browser memory management and developing security hardware security implementations for the Health Hero Buddy and Danger Hiptop.

Mr. Holland holds a Bachelor of Science, Computer Science from the University of Melbourne, Australia.

Stephen Ryan

Chief Operating Officer

Steve Ryan is a founder and COO of CipherTrace. He has 25 years of experience in the security and payments markets. Mr. Ryan is the inventor of 3-D Secure, the largest consumer payment authentication solution in the world, with over 150 million consumer users

Mr. Ryan is a Fintech/Security executive and serial entrepreneur and has experience with a variety of internet-based security initiatives as well as experience with productizing government-funded initiatives. Additionally, Ryan has been an early stage advisor to some very successful Silicon Valley companies including PayPal and Splunk.

As a seasoned entrepreneur, he helped build and bring to market mobile security company Marble, which is now part of security leader Proofpoint (NASDAQ: PFPT). Prior to Marble, Ryan was an Executive Vice President at Online Resources and was responsible for Digital Banking and Payment Operations, which was sold to ACI Worldwide. Before Online Resources, Ryan was a co-founder of IronKey, which productized DHS S&T research and ultimately sold over 2 million IronKey devices, the world’s most secure flash drive. The company became a part of iMation NASDAQ: IMN. Previously Mr. Ryan was Senior Vice President at Visa USA. Before Visa, he was Senior Vice President at First Data where he was responsible for Product Management and Marketing. Mr. Ryan began his career in the Fintech industry at Bank of America, where he developed and managed the bank’s credit card processing systems.

Ryan holds a Bachelor of Science degree in Management Information Systems from Old Dominion University in Norfolk, Virginia.

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