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INTELLIGENCE On Chain
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Public Investigations

Explore the details of our public investigations. This portfolio highlights our dedication to thorough research, analytical excellence, and integrity. Discover the stories behind our most compelling cases. This section will grow over time

Beanstalk Investigation

This investigation took place in 2023, when IOC were commissioned by the Beanstalk community. We spent almost 4 months analysing Tornado Cash outflows and believe we have found a pattern which matches the outflows of the 24,000+ ETH missing, known as the ERE pattern. There is information witheld from this report.

Public Version - Investigation IOC-Beanstalk (pdf)

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Investigation IOC-Beanstalk Addendum#1 (PUBLIC FORM) (pdf)

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