Blockchain Forensics and Crypto-Related Cybercrimes

115 Pages Posted: 16 Feb 2023 Last revised: 25 May 2023

See all articles by Lin William Cong

Lin William Cong

Cornell University - Samuel Curtis Johnson Graduate School of Management; National Bureau of Economic Research (NBER)

Kimberly Grauer

Chainalysis

Daniel Rabetti

National University of Singapore (NUS)

Henry Updegrave

Chainalysis

Abstract

This handbook provides an overview of various criminal activities related to cryptocurrencies, including investment scams, Ponzi schemes, rug pulls, ransomware attacks, money laundering, and darknet markets. We discuss the need for user protection and education, centralized entities and regulators' efforts to prevent scams, and the use of blockchain forensic techniques to investigate and curb cybercrimes such as ransomware attacks and money laundering. We also go beyond blockchain and access how other statistical analyses of crypto-related data emerge as a powerful tool to examine wash trading and tax evasion. Despite some success by authorities in shutting down cybercriminal activities, using cryptocurrencies and other technologies makes it challenging to identify and prosecute those involved in illicit activities, and increased collaboration between law enforcement agencies and the technology industry is needed. This handbook is an ongoing effort by the authors to provide an overall anatomy of cybercrime and potential solutions in the crypto space.

Keywords: Cryptocurrencies, Cybercrime, Blockchain Forensics, Network Security, Crypto Regulation

JEL Classification: G15, G18, G29, K29, K42, M41, O16

Suggested Citation

Cong, Lin and Grauer, Kimberly and Rabetti, Daniel and Updegrave, Henry, Blockchain Forensics and Crypto-Related Cybercrimes. Available at SSRN: https://ssrn.com/abstract=4358561 or http://dx.doi.org/10.2139/ssrn.4358561

Lin Cong

Cornell University - Samuel Curtis Johnson Graduate School of Management ( email )

Ithaca, NY 14853
United States

HOME PAGE: http://www.linwilliamcong.com/

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Kimberly Grauer

Chainalysis ( email )

Daniel Rabetti (Contact Author)

National University of Singapore (NUS) ( email )

1E Kent Ridge Road
NUHS Tower Block Level 7
Singapore, 119228
Singapore

Henry Updegrave

Chainalysis ( email )

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