Intro
Criminals and terrorists are increasingly using advanced technologies
and novel techniques to stay one step ahead of law enforcement and
security organizations. Remaining anonymous once meant
back-alley cash transfers, foreign bank accounts, or false identities,
but the blockchain offers a convenient replacement to old methods.
Global illicit cryptocurrency transactions totaled $20.1 billion in 2022
1
.
Criminals and terrorists exploit crypto for diverse illegal purposes,
such as drug trafficking, organized crime activity, scams, and
schemes (such as Ponzi schemes), cyber-attacks and ransomware,
trading of child abuse materials, terror funding, dark marketplace
purchases, and more. Moreover, many funds received as part as off-
chain crimes are being laundered on the blockchain.
As law enforcement and security organizations’ financial investigations
shift from the traditional investigations to crypto-related investigations,
even the most seasoned professionals may find themselves reaching
a dead-end, and crypto is the culprit.
This eBook explores how criminals are using the blockchain
to stay anonymous, the challenges cryptocurrency poses to
investigations, and how to find the right solution to unmask your
suspects and recoup illicit funds.
1. https://blog.chainalysis.com/reports/2023-crypto-crime-report-introduction/
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Keeping up with financial investigations in the crypto age 2