The DARPA office hired crypto intelligence from Inca digital to conduct a long term project.

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The company will develop tools that provide the Pentagon a detailed view of crypto markets’ inner workings.

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"The program underway here includes mapping out the cryptocurrency universe in precise detail" stated Mark Flood.

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The deal is the latest proof that federal agencies are working up efforts to thrash rogue regimes, terrorists and other criminal actors utilising crypto to fund their operations.

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Flood noted that hackers linked with the North Korean government have carried out digital heists showing billions of dollars for the regime’s weapons program.

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The governments still struggle to police the cryptocurrencies.

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The lack of regulatory loopholes has allowed it to grow into a financial system that shrewed criminals have found ample chances to exploit.

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Zarazinski said that " There is a lot of concern regarding crypto scams right now."

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The project is not DARPA's first venture in the blockchain technology.

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Flood said the agency’s target with its recent project is not to track individual crypto users.

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