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Title: CipherTrace Scout App Takes Crypto Investigations Mobiile Post by: teddyelwyn on September 20, 2019, 05:38:50 PM Cybersecurity firm Ciphertrace announced today a mobile tool they built that "traces" addresses through the blockchain to identify what coins may have been used in dark market purchase or ransomware attacks.
The rise in street crime coupled with crypto is what sparked the resurgence of a visualization of how money "crypto' is moving. I haven't had the chance to check it out yet but I think it's wild this all can be done on a app now. What do you guys think? https://www.coindesk.com/ciphertrace-scout-app-takes-crypto-investigations-mobile Title: Re: CipherTrace Scout App Takes Crypto Investigations Mobiile Post by: squatter on September 20, 2019, 08:27:38 PM Quote CipherTrace Scout’s rollout comes alongside a spike in street-level cryptocurrency use. Bohn said law enforcement partners reported a surge in low-level uses cases: prostitution, drug sales, child pornography trades. Street-level child pornography trades? Is that seriously a thing? I'd love to see the statistics behind these statements. Prostitutes and street drug dealers accepting bitcoins would actually be pretty cool. Quote “You can imagine some beat cop in a high risk area, literally finding something that appears to be tainted,” Barragan said. “He can share a case with an analyst at headquarters and that analyst could do the tracing very quickly to determine where the source of the funds were.” A beat cop in a high crime area stumbling onto a bitcoin wallet or master pubkey? How likely is that? ::) Title: Re: CipherTrace Scout App Takes Crypto Investigations Mobiile Post by: chaoscoinz on September 20, 2019, 08:39:35 PM It was only a matter of time before identification tools would be developed. I guess it is a gift and a curse. I can only imagine what they really have out there, or what is being developed as we speak, however it comes with the territory so i'm not surprised. The article claims that the tool is for tracking the dark-net users purchases or other illicit activities involving crypto-currencies, but my sneaking suspicion says otherwise. :(
Title: Re: CipherTrace Scout App Takes Crypto Investigations Mobiile Post by: akeegan on September 20, 2019, 08:55:39 PM I thought Ciphertrace tech was only able to track bitcoin, I guess they're starting to expand
Title: Re: CipherTrace Scout App Takes Crypto Investigations Mobiile Post by: rmilly on September 24, 2019, 11:22:43 PM Does anyone know which currencies Ciphertrace's app works with?
Title: Re: CipherTrace Scout App Takes Crypto Investigations Mobiile Post by: malevolent on September 26, 2019, 09:30:29 PM Street-level child pornography trades? Is that seriously a thing? I'd love to see the statistics behind these statements. Prostitutes and street drug dealers accepting bitcoins would actually be pretty cool. Fear-mongering, like some media did with trying to associate Silk Road with child porn and murder services for hire. A beat cop in a high crime area stumbling onto a bitcoin wallet or master pubkey? How likely is that? ::) Probably low, that's just their marketing. Title: Re: CipherTrace Scout App Takes Crypto Investigations Mobiile Post by: darylalban on September 26, 2019, 09:55:33 PM Decentralization is probably not possible in the future if we want crypto to be embedded in everyday life I thought that was the goal of crypto? To have people expand from fiat to digital currency. There has to be some level of compliance and regulation otherwise all countries in the world won't agree. It would make sense to see ciphertrace bringing such tools to the table Title: Re: CipherTrace Scout App Takes Crypto Investigations Mobiile Post by: ccryptopark on September 30, 2019, 11:55:18 PM The app could be beneficial to NYPD for sure. I would be interested to know the cost to use it
Title: Re: CipherTrace Scout App Takes Crypto Investigations Mobiile Post by: timerland on October 01, 2019, 12:35:47 AM Haha, what is this?
"Prostitution, drug sales, child pornography trades." - your telling me this is what BTC is being used for nowadays? I highly doubt this is what BTC is being used for, especially the last one. If they where going to such disgusting tasks, I'd imagine they'd be using a privacy coin. Quote CipherTrace Scout’s rollout comes alongside a spike in street-level cryptocurrency use. Bohn said law enforcement partners reported a surge in low-level uses cases: prostitution, drug sales, child pornography trades. Street-level child pornography trades? Is that seriously a thing? I'd love to see the statistics behind these statements. Prostitutes and street drug dealers accepting bitcoins would actually be pretty cool. Quote “You can imagine some beat cop in a high risk area, literally finding something that appears to be tainted,” Barragan said. “He can share a case with an analyst at headquarters and that analyst could do the tracing very quickly to determine where the source of the funds were.” A beat cop in a high crime area stumbling onto a bitcoin wallet or master pubkey? How likely is that? ::) Sound like the media spewing shit again :p Title: Re: CipherTrace Scout App Takes Crypto Investigations Mobiile Post by: jdarren on October 02, 2019, 06:50:14 PM I would be interested too to see a use case of ciphertrace Scout app. I guess it would take downloading and trying it out for a run first. I ultimately want to know how it would work on site if they found anything
Title: Re: CipherTrace Scout App Takes Crypto Investigations Mobiile Post by: squatter on October 02, 2019, 09:50:00 PM Prostitutes and street drug dealers accepting bitcoins would actually be pretty cool. I would be pretty interesting, but not sure about how legitimate all of this is... Imagine hiring a prostitute and then asking for her BTC address after, that'll be hilarious it it's true.With mobile wallets and QR codes, why not? It's not a far leap from Venmo and CashApp. In fact, before Backpage got shut down last year, sex workers had already been using Bitcoin to pay for ads for years (https://bravenewcoin.com/insights/backpage-goes-bitcoin-only). |