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Tracking Mixed Bitcoins [article]

Tin Tironsakkul, Manuel Maarek, Andrea Eross, Mike Just
2020 arXiv   pre-print
Mixer services purportedly remove all connections between the input (deposited) Bitcoins and the output (withdrawn) mixed Bitcoins, seemingly rendering taint analysis tracking ineffectual.  ...  Our finding shows that it is possible to track the mixed Bitcoins from the deposited Bitcoins using address taint analysis and the number of potential transaction outputs can be significantly reduced with  ...  ., Rolf van Wegberg, Jan-Jaap Oerlemans and Oskar van Deventer for providing with the transaction information of Bitcoin mixing samples used in their research work.  ... 
arXiv:2009.14007v2 fatcat:drbsrs7e5rexpdyo6nn2wp6in4

Characteristics of Bitcoin Transactions on Cryptomarkets [chapter]

Xucan Chen, Mohammad Al Hasan, Xintao Wu, Pavel Skums, Mohammad Javad Feizollahi, Marie Ouellet, Eric L. Sevigny, David Maimon, Yubao Wu
2019 Lecture Notes in Computer Science  
It is also important for law enforcement to track illicit online crime activities in cryptomarkets.  ...  Cryptomarkets accept primarily bitcoin as payment since bitcoin is pseudonymous.  ...  These two properties help track bitcoin flows or cluster addresses into wallets [8, 10, 14] . Mixing services: are widely used as a privacy overlay on top of bitcoin [11] .  ... 
doi:10.1007/978-3-030-24907-6_20 fatcat:upknc2476fhsvgykzljaiz22zm

Blockchain Analysis Tool For Monitoring Coin Flow

Aman Framewala, Sarvesh Harale, Shreya Khatal, Dhiren Patel, Yann Busnel, Muttukrishnan Rajarajan
2020 2020 Seventh International Conference on Software Defined Systems (SDS)  
In this paper, we propose an approach to parse and visualize the data of Bitcoin blockchain in a graph structure and carry out analysis that includes tracking and tracing, address clustering and entity  ...  While cryptocurrencies like Bitcoin have the potential to break traditional financial barriers, there are growing concerns about such currencies being used to fund illegal activities.  ...  [21] explores cryptocurrency mixing (laundry) services and proposes a general de-mixing algorithm for common mixing services by exploiting their static and dynamic parameters. Geodell et al.  ... 
doi:10.1109/sds49854.2020.9143908 dblp:conf/sds/FramewalaHKPBR20 fatcat:h2dhjjrfjrejlgfwoi4aep36hu

Mixing detection on Bitcoin transactions using statistical patterns [article]

Ardeshir Shojaeenasab, Amir Pasha Motamed, Behnam Bahrak
2022 arXiv   pre-print
Using this data, we found reliable patterns and developed an integrated algorithm to detect mixing transactions, mixing addresses, sender addresses, and receiver addresses in the Bitcoin network.  ...  In this research, we tackle the problem of losing the footprint of money in Bitcoin and other cryptocurrencies networks caused by the usage of mixing services.  ...  with other sources of money and disrupting the tracking of these incomes.  ... 
arXiv:2204.02019v1 fatcat:iq7ho4t4pbcrbdxibfsy7h2hvm

Tendrils of Crime: Visualizing the Diffusion of Stolen Bitcoins [article]

Mansoor Ahmed-Rengers, Ilia Shumailov, Ross Anderson
2020 arXiv   pre-print
Although tracing algorithms have improved recently, they still yield an enormous amount of data of which very few datapoints are relevant or interesting to investigators, let alone ordinary bitcoin owners  ...  In addition to tracking a stolen bitcoin forwards -as one has to do with the poison or haircut methods -one can track a current UTXO backwards to all the reward blocks in which its component satoshi came  ...  If one is to make good the victims of these crimes, then we need to be able to track down stolen or otherwise tainted bitcoins.  ... 
arXiv:1901.01769v2 fatcat:hb42bdpb3re6lfn4bluu4w5z7y

When the cookie meets the blockchain: Privacy risks of web payments via cryptocurrencies

Steven Goldfeder, Harry Kalodner, Dillon Reisman, Arvind Narayanan
2018 Proceedings on Privacy Enhancing Technologies  
Similarly, many Bitcoin users do not employ mixing.  ...  Our attack highlights the dangers of pervasive web tracking: Bitcoin is often used for sensitive activities, making the compromise of Bitcoin privacy a far more serious threat than targeted advertising  ... 
doi:10.1515/popets-2018-0038 dblp:journals/popets/GoldfederKRN18 fatcat:qb54swayhnbazc32qecitxi3uy

When the cookie meets the blockchain: Privacy risks of web payments via cryptocurrencies [article]

Steven Goldfeder, Harry Kalodner, Dillon Reisman, Arvind Narayanan
2017 arXiv   pre-print
Similarly, many Bitcoin users do not employ mixing.  ...  Yet, websites including shopping sites are known to be rife with third-party tracking [2] . In this paper, we study the impact of online tracking on the privacy of Bitcoin users.  ... 
arXiv:1708.04748v1 fatcat:deavwoehsjc2bmqmbzqcbywzcq

Conditions of Full Disclosure:The Blockchain Remuneration Model [article]

S. Matthew English, Ehsan Nezhadian
2017 arXiv   pre-print
In this work we analyse the Bitcoin blockchain record of periodic payments accruing to an individual address in exchange for goods or services rendered.  ...  As Bitcoin and similarly designed cryptocurrencies evolve into a recognized medium of exchange for larger swaths of the world economy, an increasing number of people will earn income in the form of blockchain-based  ...  The most common mitigation to the risk posed by de-anonymization is to utilize a mix to shuffle bitcoins between different users.  ... 
arXiv:1703.04196v1 fatcat:zeuwvqhzbbdvzlcx7556dsefki

Rise of Crypto Currency-Bitcoin and Impact on the Financial System

2020 Regular Issue  
Safety, simplicity, affordability, reachability, and transparency are advantages however, challenges such as fraud, complexity, money laundering plague Bitcoin, Lite coin, Dodge coin, Amazon coin,ethereum  ...  and address, besides, a "mixing" strategy that enables Bitcoin users to transfer Bitcoin's from one address to a mixing service and receive Bitcoin's mixing service to another address that could not be  ...  Retrieval Number:100.1/ijmh.B1159105220 DOI:10.35940/ijmh.B1159.105220 Figure-1:Bitcoin mixing [1] Interpretation:Accessibility and convenience  ... 
doi:10.35940/ijmh.b1159.105220 fatcat:ipp3bgt4affrfl4njvkc5o423i

Probing the Mystery of Cryptocurrency Theft: An Investigation into Methods for Taint Analysis [article]

Tin Tironsakkul, Manuel Maarek, Andrea Eross, Mike Just
2019 arXiv   pre-print
Since the creation of Bitcoin, transaction tracking is one of the prominent means for following the movement of Bitcoins involved in illegal activities.  ...  While there have been a few attempts to develop tracking methods, there is no accepted evaluation method to measure their accuracy.  ...  Hence, there should be minimal risk of tainted Bitcoins becoming mixed with clean Bitcoins for unrelated users provided that they are cautious not to use the tainted or suspicious Bitcoins they receive  ... 
arXiv:1906.05754v3 fatcat:t4hjyd6yqbdwjfpoktsuyv6wii

How to Not Get Caught When You Launder Money on Blockchain? [article]

Cuneyt G. Akcora, Sudhanva Purusotham, Yulia R. Gel, Mitchell Krawiec-Thayer, Murat Kantarcioglu
2020 arXiv   pre-print
For a distance of three or more, tracking suspicious addresses becomes untenable. amounts, coin-mixing allows enhanced security. However, exchanges will shun coins that exit coin-mixing rounds.  ...  Since 2013, coin mixing (Ruffing, Moreno-Sanchez, and Kate 2014) schemes have been designed to further blur the flow, making coin tracking in the network a painstaking and often fruitless task.  ... 
arXiv:2010.15082v1 fatcat:46vapkkq25hv3luabg4moszlbm

There's No Free Lunch, Even Using Bitcoin: Tracking the Popularity and Profits of Virtual Currency Scams [chapter]

Marie Vasek, Tyler Moore
2015 Lecture Notes in Computer Science  
In 21% of the cases, we also found the associated Bitcoin addresses, which enables us to track payments into and out of the scams.  ...  We present the first empirical analysis of Bitcoin-based scams: operations established with fraudulent intent.  ...  Möser et al systematically analyze Bitcoin mixing services, which some of the scams we study purport to be [13] .  ... 
doi:10.1007/978-3-662-47854-7_4 fatcat:yidyzocxp5ejfdsumfldjanax4

Digital cash system of Invisibility of user Identity and Concealment

Meghan Bani Assad
2020 International journal of advanced information and communication technology  
We project out some theories, project analyses and methodologies that certainly supports the concern of the improvement of Bitcoin Customer anonymity.  ...  Bitcoin can be considered as one of the most prevailed applications of Blockchain technology developed so far. It is the most eminent, decentralized and distributed network-based platform.  ...  Harrigan [9] have implemented a tool to keep track of the bitcoin flow among clients. They noticed the flow post thievery.  ... 
doi:10.46532/ijaict-2020031 fatcat:6ghqf476wjf7vb3mphyb2bgyzy

A study of user experiences and network analysis on anonymity and traceability of bitcoin transactions

M Azhar, Robert Whitehead
2018 EAI Endorsed Transactions on Security and Safety  
This paper investigates the anonymity of bitcoin transactions and the significance of awareness of the technology by bitcoin users, alongside their experiences in tracing transactions.  ...  While there are existing surveys which test bitcoin user's awareness of the technology, they do not focus on bitcoin user's own experience using the technology in terms of tracing transactions and use  ...  In addition to mixing services the use of VPN's and a TOR browser, makes it more difficult to track a transaction [1] , although it does not make it impossible or a momentous barrier to tracing transactions  ... 
doi:10.4108/eai.30-4-2021.169577 fatcat:w323a5zq4fgtvb4hi4t6slpc3e

Electronic Coins

Craig Warmke
2022 Cryptoeconomic Systems  
Some have even used it to argue that what we now call bitcoin is not the real bitcoin. The definition fails, however.  ...  In the bitcoin whitepaper, Satoshi Nakamoto (2008: 2) defines an electronic coin as a chain of digital signatures. Many have since defined a bitcoin as a chain of digital signatures.  ...  Notably, here's how propose to track the suspect coins even though they have been mixed: We also looked at bitcoin laundries or mixes.  ... 
doi:10.21428/58320208.eb69605e fatcat:4jkuluqkazc2bbuqacxmjtqrtq
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