Europol: Wasabi Wallet makes tracking illegal transactions difficult

Europol: Wasabi Wallet makes tracking illegal transactions difficult

By Kluma | InterestingCrypto | 6 Jun 2020


 

The Europol Center for Cybercrime (EC3) analyzed the influence of Wasabi Wallet on the possibility of analyzing Bitcoin blockchain by law enforcement agencies to investigate crimes and issued a report labeled "only for law enforcement agencies."

Recently, the report was published on one of the channels in Telegram, and the Europol press service confirmed its authenticity, adding that the document “does not contain any operational information”. The first part of the report was distributed to law enforcement officials in April.

“The situation is not going well for law enforcement because of this relatively new software,” EC3 reports in a report, citing data from Chainalysis, an analytic company that estimates the proceeds of crime through Wasabi Wallet.

EC3 deals with the “fight against crime in the digital age” and is often financial crime on the Internet. The EC3 report mainly describes how Wasabi Wallet works and how to provide users with more privacy, the tool consolidates transactions and confuses their history.

The second part of the report, published in May, is about how law enforcement officers can try to detect Wasabi Wallet transactions on the blockchain and how to use the wallet to complete transactions.

The report also raises the question of whether law enforcement agencies can “demix” these transactions. According to Europol, "in most cases the answer will be negative," although there are ways to do this if the user makes a mistake.

Recall that last year it was reported that the number of mixed cryptocurrency transactions increased by 300%. In addition, last summer, the Wasabi Wallet user community brought together 100 people to jointly complete the CoinJoin transaction on the Bitcoin blockchain.

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