Bitfury has unveiled a tool for identifying rogue bitcoin users. At present, bitcoin users can have multiple addresses, meaning they can conceal their identity and commit criminal activity on the Blockchain. Bitfury's tool can expose such users by clustering bitcoin addresses, allowing investigators link them to a single entity. By using both Blockchain and off-chain data, Bitfury claims that its system achieves a higher level of accuracy compared with algorithms based on Blockchain data only.
Bitfury has unveiled a tool for identifying rogue bitcoin users. At present, bitcoin users can have multiple addresses, meaning they can conceal their identity and commit criminal activity on the blockchain. Bitfury's tool can expose such users by clustering bitcoin addresses, allowing investigators link them to a single entity. By using both blockchain and off-chain data, Bitfury claims that its system achieves a higher level of accuracy compared with algorithms based on blockchain data only.