Defcon in Las Vegas will be presented with a new tool for tracking bitcoin transactions

Defcon in Las Vegas will be presented with a new tool for tracking bitcoin transactions

By

On starting on August, 9 in Las Vegas conference on cybersecurity of Defcon an instrument will be presented under the name White Rabbit, intended for watching of the transactions associated with criminal activity in the network bitcoin. Bitcoin.com writes about.

In addition, demonstration of White Rabbit will take place at conference of Black Hat Arsenal, that in these days also passes in Las Vegas.

An instrument was created by the leading developers the platform business-analysis data of Trustar Olivia Thet and Nicolas Kseib. According to them, White Rabbit allows “in the mode near to the real time to get a context awareness about certain malwares with the requirement of redemption”.

Actually White Rabbit carries out monitoring bitcoin transactions that is associated with this type of criminal activity, providing with law enforcement authorities possibility them to mark.

Note that this is not the first tool to track transactions in the network bitcoins. Active work in this direction is carried out, for example, by companies such as Chainalysis and Bitfury. However, the reaction of the bitcoin community to such initiatives is far from being the most friendly – the main problem, which opponents of such tools call, is that bitcoin, like any other currency, should be interchangeable. It is for this reason that the various bitcoin mixing services used to ensure the anonymity of transaction participants are highly popular.

However, according to Olivia Thet, users should know who is behind such attacks.

“Trying deanonymize blockchain, we conduct a not that fight – we must see more wide picture. Analysts on safety, that use Trustar, are anymore interested in that, how bitcoin addresses correlated between activity of international criminal groupments and actual introduction malwares”, – she said.

As it was written earlier, in November 2015 the US tax service purchased a special bitcoin-transaction tracking software from the security company Chainalysis specializing in security issues.

Leave a Comment

Your email address will not be published.

You may also like

Hot News