Cryptocurrency continues to rise as a popular form of payment among criminal activities. A report released by Chainalysis stated that crypto-linked crimes amounted to approximately $14 billion in transactions [1]. Cryptocurrencies such as Bitcoin have several features that make them unique, such as:
Although these characteristics set cryptocurrency apart from traditional currencies, Bitcoins can be used to buy goods. With this knowledge comes the realization that cryptocurrency fuels various online crimes. These crimes include:
Blackmail, sextortion, and ransomware are the most commonly reported crimes. According to Europol, cryptocurrency resists law enforcement disruption and government control due to its distributed nature [4]. This is why they have become a common form of payment in the crimes listed above.
To obscure some of these activities, individuals may use the dark web. Reports show that 57% percent of dark web content is illegal. This content includes pornography, illicit finances, illegal drugs, weapons, and terrorist communications [2]. Dark web investigations can help shed light on crypto-related crimes. That is why it is important to be familiar with internet sites. There are three types of internet websites:
Crypto-related crimes can be uncovered using cryptocurrency forensics. Forensic investigators can track and interpret the flow of cryptocurrency assets on the blockchain. Digital forensics can be used to track browser history searches, for addresses or crypto transactions. Investigators can analyze system or user artifacts to unlock wallets or addresses of interest. These include password vaults, static text files, notes files, or encrypted archive files.
ADF’s Digital Evidence Investigator prioritizes and collects files and artifacts quickly. With DEI, investigators can use Collection Keys to obtain web browser cached files, social media, P2P, Cryptocurrency, cloud storage, user login events, anti-forensic traces, saved credentials, files shared via Skype, USB history, user connection log, etc.
DEI software may be used on Windows and macOS (including T2 and M1 chips). It can conduct Mac forensics and scan all available Mac computers with encryption and virtual drives by running a remote agent communicating with the desktop application. Most importantly, the DEI can quickly find Dark Web traces.
Crypto-related crimes can be difficult to uncover and track. Cybercriminals implement many tactics to remain anonymous. Powerful computer forensics software gives investigators everything they need to trace these damaging crimes.
Arm your agency with forensic software that can uncover crypto-related crimes.