NNSA lab helps federal law enforcement create cryptocurrency forensic tool
Researchers at the Sandia National Laboratories, two major United States Department of Energy research and development national laboratories managed and operated by the Sandia Corporation (a wholly owned subsidiary of Lockheed Martin), have developed a set of requirements for an analytical tool that can be used to overcome challenges brought by cryptocurrencies, according to an email sent to CoinReport by Sandia.
Leading the work for Sandia, a National Nuclear Security Administration (NNSA) laboratory, is Andrew Cox, who said the law enforcement community had identified the need for new methods and tools to help in an assortment of investigative situations, including intricate money-laundering schemes, cyber thefts and straightforward transactions of illegal goods. Law enforcement’s most contiguous need, says Sandia in its article “Beating Bitcoin bad guys,” was to reduce the time and resources needed to trace illegal trade.
Concentrating on bitcoin, a systems analysis of unlawful ecommerce was carried out by the lab, with the team developing a research environment to investigate other algorithms that can de-anonymize illegal bitcoin users. A combination of new and customary investigative techniques, current financial regulation and innovative policy and process tools were included in the research.
When de-anonymization takes place, law enforcement can connect the bitcoin address to a particular alias and know all of the bitcoin addresses that need to be dealt with.
“When you exchange Bitcoin, you don’t have information such as an e-mail address,” said Cox. “Instead, it’s a completely random set of numbers and an anonymous Bitcoin address. Bitcoin users can use one or many Bitcoin addresses. This allows criminals to evade obvious patterns of transactions.”
The researchers, says the Sandia article, were able to use some published methods to find and fathom that the same users were using the different bitcoin addresses. The Sandia researchers are currently in the process of developing their own methods by typifying transactions of bitcoin users and utilizing machine learning methods to discover patterns of interest.
“It doesn’t mean that we get their actual name because there aren’t any names associated with Bitcoin,” said Cox. “But it will show that some transactions are controlled by the same user.”
Sandia says that it will keep working on the algorithmic research, concentrating on creating a graphical user interface so that law enforcement officers can effortlessly work together and make queries against the lab’s research environment and what bitcoin calls the blockchain.
“Our clients are happy about the requirements we’ve developed and the research we’ve done on what types of tools and capabilities are needed,” Cox added. “The bottom line is, the work is about spending time with law enforcement officers and making sure that we put their needs first.”
Sandia’s work was conducted for the Department of Homeland Security (DHS) Science and Technology (S&T) directorate, but the lab says the work could ultimately be delivered to other federal law enforcement agencies as well. DHS S&T requested Sandia to create a front end or a graphical user interface on the research environment for the agents to be able to test the algorithms Sandia was using in actual investigations.
Image – Via image gallery in the media section of Sandia’s website
Hi everyone, it’s my first visit at this website, and post is in fact fruitful for
me, keep up posting these articles or reviews.
Some really interesting points you have written.Aided me
a lot, just what I was searching for :D.
I appreciate, cause I found exactly what I was taking a look for.
You have ended my four day long hunt! God Bless you man. Have a nice
Hello there, You’ve done an excellent job.
I will definitely digg it and personally suggest
to my friends. I am confident they will be benefited from this website.
I am regular visitor, how are you everybody? This paragraph posted at this web page is actually
Valuable info. Lucky me I found your website unintentionally,
and I am surprised why this twist of fate
didn’t took place in advance! I bookmarked it.
I enjoy your writing style genuinely enjoying this web site.
But wanna comment on few general things, The website layout is perfect, the written content
is very good :D.
What i don’t understood is in fact how you are no longer really much more smartly-appreciated than you
might be right now. You are very intelligent.
You already know thus considerably when it comes to this matter, made me in my opinion imagine it from a lot of numerous angles.
Its like women and men are not fascinated until it’s one thing to do
with Girl gaga! Your individual stuffs nice.
All the time handle it up!
But wanna comment on few general things, The
website style and design is perfect, the content is very excellent :D.
I besides think thus, perfectly indited post!
Definitely imagine that that you stated. Your favorite reason seemed to be on the web the easiest thing
to remember of. I say to you, I definitely get irked whilst folks think about worries that they plainly don’t know about.
You controlled to hit the nail upon the highest as well as outlined out the entire thing with no
need side effect , people could take a signal. Will likely be back to get more.
This is a very good tip especially to those new to the blogosphere.
Simple but very precise information… Many thanks
for sharing this one. A must read article!
Enjoyed reading this, very good stuff, thank you.