The IRS’s Criminal Division Forensics Unit released a request for information (RFI) looking for “reliable” tools and processes to crack the crypto wallets used by many to store their cryptocurrency fortunes.
“Though a few known cyber penetration testers have published vulnerabilities on specific devices, the process of decrypting the hardware devices to gain access to the wallets has been challenging,” the RFI states.
In addition to purchasing tools capable of cracking these wallets, the IRS also wants to help “mature the process” to “obtain reliable results.”
Anonymity makes crypto transactions hard to audit
Cryptocurrencies, such as Bitcoin and Dogecoin, are decentralized digital currencies that aren’t tied to a single central bank or service provider. Just like real-world currencies, they have fluctuating market rates that can be traded for other currencies.