What is a blockchain analysis, what does it achieve, and how does the whole process work?
Blockchain analytics includes methods for tracking transactions involving cryptocurrencies. Such transactions and related data are not anonymous, contrary to popular belief. Transactions with bitcoin and many other coins leave a trail of data that can be tracked with a tool. Such a tool makes it possible to see where the hacker or fraudster moved the cryptocurrencies. Although this sounds very simple at first, blockchain analysis with the right tool still needs the experience of an expert.
Exchanges are just one of the many targets for fraudsters, because that's where they convert coins into euros or dollars. How does blockchain analysis work? How does blockchain analysis help to get back to stolen cryptocurrencies? Which coins can be tracked and what are the limitations of this tool?
We'll give you an insight into how blockchain analytics works, what traces are left by perpetrators, and how the tool can help you.
Cryptocurrencies are indeed popular among money launderers. How does this work, and what limits are set?
Can all cryptocurrencies be tracked or are there also loopholes? We inform about Monero and Co.
Cryptocurrencies like Bitcoin are not anonymous because they can be traced. We explain how and why this is possible.