Bitcoin's big secret: How cryptocurrency became law enforcement's secret weapon
10 days ago
- #Law Enforcement
- #Blockchain Forensics
- #Bitcoin
- Bitcoin, initially thought to be anonymous, became a tool for law enforcement due to its traceable blockchain.
- IRS investigator Tigran Gambaryan and Chainalysis developed blockchain forensics, leading to major criminal busts like Silk Road and AlphaBay.
- Despite advanced tracing, criminals in jurisdictions like Russia and North Korea often evade accountability.
- Blockchain analysis raises privacy concerns as it can track both criminals and law-abiding citizens.
- Forensic accountants play a key role in digital crime investigations by analyzing blockchain transactions.