Europol has included Wasabi bitcoin wallets …

Europol has included Wasabi bitcoin wallets …

Europol lists Wasabi and Samourai bitcoin wallets among the largest threats on the darknet

On October 5, the European Union Police Service published an annual report assessing the threats of organized crime on the Internet. It focused on the ecosystem of the darknet markets.

The authors noted the growing popularity of mixed coin wallets such as Wasabi and Samourai. They use Coinjoin technology to eliminate the connection between the sender and the receiver of a transaction on the blockchain..

“For cryptocurrencies on the dark web, privacy-enhanced wallet services based on the Coinjoin concept have become the leading threat in addition to centralized mixers,” Europol writes..

Law enforcement officials point out that the capabilities of such wallets are not limited to simple Coinjoin integration: “Samourai, for example, offers remote SMS commands that can be used to erase information. These wallets do not necessarily remove the link between the origin of funds and their purpose, but they definitely complicate the tracking of cryptocurrencies. “.

It has also been found that administrators of some dark web services are trying to integrate Coinjoin-enabled wallets as their default payment option. Additionally, administrators and users of markets on the darknet have increasingly turned to hardware wallets. Some platforms use multisig addresses or cryptocurrency payment systems without using wallets.

Europol has included Wasabi bitcoin wallets ...

Cryptocurrencies, in which increased anonymity is built in from the start, have become more popular, for example Monero. The report also mentions Litecoin, Ethereum, Zcash, and Dash, all of which are supported by the darknet markets. “Bitcoin is still the most popular payment option (due to its wider distribution, reputation and ease of circulation), but the use of cryptocurrencies with increased privacy has increased, although not as dramatically as their proponents expected,” the document says..

The authors also note the trend towards decentralization of the darknet space. Increasingly, small markets are emerging that specialize in meeting highly specific user needs. Some markets are deliberately created for short periods of time, making it difficult to investigate.

Europol has included Wasabi bitcoin wallets ...
Europol has included Wasabi bitcoin wallets ...

Similar articles

admin