What are the key challenges faced by investigators in conducting blockchain forensics for digital currencies?

3 answers

• Dat GolFeb 20, 2023 · 2 years ago
  One of the key challenges faced by investigators in conducting blockchain forensics for digital currencies is the pseudonymous nature of transactions. While blockchain provides transparency, it can be difficult to link real-world identities to wallet addresses. Investigators need to employ advanced techniques to trace and analyze transactions to identify potential suspects.
  376

  188
• IBOYITETE HOPENov 05, 2022 · 3 years ago
  Another challenge is the sheer volume of data. Blockchain transactions are recorded on a decentralized network, resulting in a massive amount of data to analyze. Investigators need to develop efficient methods to extract relevant information and identify patterns amidst the vast sea of data.
  292

  98
• Lukel EvansAug 20, 2022 · 3 years ago
  When it comes to conducting blockchain forensics, investigators often face legal and jurisdictional challenges. The decentralized nature of blockchain makes it difficult to determine which laws apply and which authorities have jurisdiction. Cooperation between international law enforcement agencies and regulatory bodies is crucial to overcome these challenges and ensure effective investigation and prosecution of digital currency-related crimes.
  448

  112