--- title: Bitcoin Forensic Analysis Uncovers Money Laundering... description: A forensic analysis of a graph dataset reveals clusters associated with illicit activity and money laundering on the Bitcoin blockchain. The analysis uncovers... canonical: https://daily.dev/posts/bitcoin-forensic-analysis-uncovers-money-laundering-clusters-and-criminal-proceeds-f4t3vsfy7 twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Bitcoin Forensic Analysis Uncovers Money Laundering Clusters and Criminal Proceeds | daily.dev og:description: A forensic analysis of a graph dataset reveals clusters associated with illicit activity and money laundering on the Bitcoin blockchain. The analysis uncovers... og:url: https://daily.dev/posts/bitcoin-forensic-analysis-uncovers-money-laundering-clusters-and-criminal-proceeds-f4t3vsfy7 og:image: https://api.daily.dev/og/posts/f4t3vsfY7.png og:image:alt: Bitcoin Forensic Analysis Uncovers Money Laundering Clusters and Criminal Proceeds og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Bitcoin Forensic Analysis Uncovers Money Laundering Clusters and Criminal Proceeds **[The Hacker News](https://daily.dev/sources/thn)** · 2 min read · 3 upvotes · 0 comments ## Summary A forensic analysis of a graph dataset reveals clusters associated with illicit activity and money laundering on the Bitcoin blockchain. The analysis uncovers previously unknown wallets belonging to a Russian darknet market and criminal proceeds sent to a crypto exchange. Machine learning at the subgraph level is effective in predicting whether crypto transactions constitute proceeds of crime. The study experiments with different subgraph classification methods, tracing back the source of funds associated with suspicious subgraphs to various entities. Further examination identifies known cryptocurrency laundering patterns. Future research will focus on increasing accuracy and extending the work to other blockchains. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: --- Tags: [#machine-learning](https://daily.dev/tags/machine-learning), [#crypto](https://daily.dev/tags/crypto), [#bitcoin](https://daily.dev/tags/bitcoin) [View this post on daily.dev](https://daily.dev/posts/bitcoin-forensic-analysis-uncovers-money-laundering-clusters-and-criminal-proceeds-f4t3vsfy7) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Bitcoin Forensic Analysis Uncovers Money Laundering Clusters and Criminal Proceeds","url":"https://daily.dev/posts/bitcoin-forensic-analysis-uncovers-money-laundering-clusters-and-criminal-proceeds-f4t3vsfy7","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/bitcoin-forensic-analysis-uncovers-money-laundering-clusters-and-criminal-proceeds-f4t3vsfy7"},"datePublished":"2024-05-01T15:01:46.274Z","dateModified":"2024-05-09T09:28:18.744Z","description":"A forensic analysis of a graph dataset reveals clusters associated with illicit activity and money laundering on the Bitcoin blockchain. 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