Tracking Bitcoin and Ethereum transactions is a highly specialized process that aims to break the anonymity of fraudulent actors. This is achieved by carefully analyzing the flow of funds within the blockchain, tracking each transaction up to the point where the digital currencies are deposited on regulated, centralized trading platforms such as Binance or Kraken.

At this critical intersection, cooperation with a specialized lawyer and law enforcement authorities enables the identification of the individuals behind the fraudulent activities. Through legal action, it is possible to block and seize the digital assets in question and obtain information about the bank accounts to which the ill-gotten funds may have been transferred.

The need for users to verify their identity on these centralized exchanges undermines the common assumption that Bitcoin, Ethereum and other cryptocurrencies are completely anonymous. This misconception is further debunked by the effective techniques of blockchain analysis, which make a significant contribution to detecting and combating financial crime in the digital space.