No Anonymity for Cybercriminals Using Bitcoin

No Anonymity for Cybercriminals Using Bitcoin

Researchers from Qatar University and Hamad Bin Khalifa University in Doha were recently able to connect the identities of around 125 users to Bitcoin wallets that have been used in the dark web for suspected illicit activities.

Previously thought to be untraceable, the researchers were able to make the connection on the now-defunct dark web drug marketplace called Silk Road.

An Israeli startup had also recently published a tool which helps cybersecurity groups and law enforcement agencies to connect Bitcoin wallet on the dark web to their owners. Webhose co-founder Ran Geva said that sometimes it is as simple as looking up the users details connected to the wallet addresses or transaction details on underground message boards.   

 

Source: Value Walk

 

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