Bonanza Factory Processes 650 Virtual Asset Investigation Cooperation Requests Through IAAN

Bonanza Factory is expanding its investigation cooperation system between domestic law enforcement agencies and overseas virtual asset service providers (VASPs). Since the launch of the service in November 2025, approximately 650 requests for cooperation related to virtual assets have been processed through IAAN. IAAN is linked to Bonanza Factory's digital asset tracking and analysis solution, 'Transite', supporting domestic investigative agencies in requesting the freezing of digital assets and verification of account and identity information from overseas exchanges. The international investigation cooperation process, which previously relied on emails and individual contact networks, has been systematized to standardize the request and response procedures. Emergency asset freezing requests can also be transmitted through the network. IAAN employs end-to-end encryption, ensuring that identity information and investigation-related materials can only be accessed by the sending and receiving institutions. Currently, the National Police Agency's Investigation Bureau and the National Tax Service are utilizing Transite, and exchanges MEXC and Bybit have also joined the IAAN network. Bonanza Factory plans to expand the number of exchanges and institutions participating in IAAN and broaden the scope of cooperation to include asset recovery and international collaboration procedures.

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