Nimiq, a cryptocurrency blockchain company, has released SynapTrack, an anti-money laundering framework designed to trace illicit funds as they move across multiple blockchain networks, pass through bridges or split into parallel transaction paths to obscure their origin.
The tool was presented in London and is now available to developers, researchers and the broader cryptocurrency community for testing and collaborative development.
SynapTrack v1 combines blockchain-aware pattern analysis with a self-improving detection algorithm intended to reduce false positives and lower the volume of manual review work required during investigations.
In early testing using transaction data from the 2025 Bybit hack, in which attackers stole $1.5 billion in digital tokens, SynapTrack traced the attackers' activity with a false positive rate below 2%, the company said.
The framework was developed by University of Birmingham researchers led by Dr Pascal Berrang and PhD student Endong Liu, with implementation support from Nimiq.
Dr Berrang said blockchain transactions had grown at near-exponential rates in recent years, and that blockchains remained attractive to criminals because funds could be moved rapidly across jurisdictions, creating a significant gap in financial oversight.
Max Burger, global ecosystem developer at Nimiq, said SynapTrack was designed to make blockchain investigations more scalable as laundering patterns evolve and cross-chain activity complicates analysis, and that opening the tool to the wider community would allow for testing, feedback and improvement.
Related reading
- Elly raises $8 million to launch AI hiring platform designed to capture recruitment decisions as they form
- Google Labs redesigns Flow media workspace to unify image and video creation tools
- Google brings Gemini AI task automation and scam detection to Samsung Galaxy S26
The release positions SynapTrack as an engineering-ready system for investigators and compliance teams working on cases involving complex, multi-chain fund flows.
Nimiq said the tool is open for evaluation and collaboration, and described the release as the first product milestone of a broader research-driven effort to improve the safety and trustworthiness of blockchain ecosystems.
The recap
- Nimiq and University of Birmingham release SynapTrack AML framework.
- Traced 2025 Bybit hack with false positive rate below 2%.
- SynapTrack v1 presented in London and opened to collaborators.