from Zero Hedge
So much for decentralized finance.
The largest cryptocurrency exchange in the U.S., Coinbase, has been reportedly selling Immigrations and Customs Enforcement tools to track and identify cryptocurrency users, a stunning new report from The Intercept revealed this week.
The company “sold a single analytics software license to ICE for $29,000” back in August 2021, the report says. The next month, however, it sold software worth $1.36 million to the agency, the report says.
A contract involving the sales revealed that ICE “now has access to a variety of forensic features provided through Coinbase Tracer”, the company’s internal intelligence tool.