Chainalysis - Reading Assignment

Privacy Coins - Ultimate Course
#202
    • stolen funds
    • coming from a dnm
    • coming from a mixer
    • coming from terrorist financing
    • coming from ransomware payout

  2. HSI, FBI, IRS, ATF, DEA, Secret Service, CIA, most federal law enforcement, NYPD, Europol, RCMP, some DA offices and the NCA in the UK.

  3. Monero

    • avoid mobile wallets, use Wasabi/ CoinJoin, use a VPN.
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#203

1. What are the five most likely causes for a Bitcoin transaction being marked as ‘suspicious’?
Being stolen funds (like from a hacking type incident), coming from a dnm, coming from a mixer, coming from considered terrorist financing, and coming from ransomware payout addresses.

2. Which government agencies use Chainalysis software?
HSI, FBI, IRS, ATF, DEA, SEC, Secret Service, CIA (through in Q Tel) and most of the other federal law enforcement agencies, really large police departments (like NYPD), some district attorney offices, RCMP, Europol, the National Police (NCA) in the UK…

3. What cryptocurrency does the whistleblower recommend for privacy?
Monero, and using mixers on bitcoin.

4. What advice does the whistleblower give for preserving anonymity when using Bitcoin?
To avoid mobile wallets, to look into Wasabi/CoinJoin and similar efforts and to run a VPN/tor at all times.

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#204

1.) The five most likely causes for a Bitcoin transaction being marked as ‘suspicious’ are stolen funds from hacking, crypto coming from a dnm, crypto coming from a mixer, crypto coming from terrorist financing, and crypto coming from a ransom payout address.
2.) The government agencies using Chainalysis software include: HSI, FBI, IRS, ATF, DEA, SEC, the Secret Service, and CIA.
3.) The cryptocurrency that the whistleblower recommended for privacy is Monero.
4.) The advice that the whistleblower gave for preserving anonymity when using Bitcoin was to avoid mobile wallets, use things apps like CoinJoin/Wasabi, run a VPN/tor at all times, and use unattributed mixers.

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#205

  1. What are the five most likely causes for a Bitcoin transaction being marked as ‘suspicious’? : The five likeliest things to have your bitcoin transaction flagged as suspicious are (1.) “Being stolen funds (like from a hacking type incident),(2.) Coming from a dnm, (3.) Coming from a mixer, (4.) Coming from terrorist financing, and (5.) Coming from ransomware payout addresses.”

  2. Which government agencies use Chainalysis software? : HSI, FBI, IRS, “ATF, DEA, SEC, Secret Service, CIA (through In Q Tel), and most federal law enforcement agencies.

  3. What cryptocurrency does the whistleblower recommend for privacy? : Monero and Mixers.

  4. What advice does the whistleblower give for preserving anonymity when using Bitcoin? : Avoid Mobile Wallets, Look into Wasabi/CoinJoin and similar efforts, run a VPN/TOR at all times.

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#206

:one: What are the five most likely causes for a Bitcoin transaction being marked as ‘suspicious’?

According to the anonymous Chainalysis employee, the 5 most likely causes for a Bitcoin transaction being marked as suspicious is:

  1. Being stolen funds (like from a hacking type incident),
  2. coming from a dark net market,
  3. coming from a mixer,
  4. coming from terrorist financing, and
  5. coming from ransomware payout addresses

:two: Which government agencies use Chainalysis software?

A few government agencies were noted by the Chainalysis employee, including:

  • ATF
  • DEA
  • SEC
  • CIA, and
  • The Secret Service

:three: What cryptocurrency does the whistleblower recommend for privacy?

The whistleblower recommended using Monero to protect your privacy, or to use coin mixers.

:four: What advice does the whistleblower give for preserving anonymity when using Bitcoin?

They have said to:

  • Avoid mobile wallets where possible,
  • Always use a VPN/Tor
  • Use Wasabi or other CoinJoin wallets,
  • And to keep in mind that when using the internet without these services, everything is being logged by some entity.
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#207

  1. Being stolen funds (like from a hacking type incident), coming from a dnm, coming from a mixer, coming from terrorist financing, and coming from ransomware payout addresses.

  2. HSI, FBI, IRS, ATF, DEA, SEC, Secret Service, CIA, NYPD, RCMP, Europol, The national police (NCA) in the UK.

  3. Monero.

  4. “I would say to avoid mobile wallets, look into Wasabi/Coinjoin and similar efforts, run a VPN/tor at all times, remember that everything you check out on the clear net is being logged by someone.”

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#208
    1. Large or unusual transaction amounts: Transactions involving large sums of money or unusual amounts (e.g. round numbers) may be flagged as suspicious, as they could potentially be indicative of illicit activity.

  • Unusual transaction patterns: Transactions that exhibit unusual patterns, such as multiple small transactions followed by a large one, may be flagged as suspicious.

  • Lack of transaction history: Transactions from newly created or rarely used wallets may be flagged as suspicious, as they may be more likely to be used for illicit purposes.

  • Use of mixing services: Transactions that involve the use of mixing services or tumblers, which are designed to obscure the origin of funds, may be flagged as suspicious.

  • Use of TOR or other anonymity tools: Transactions that are routed through TOR or other anonymity tools may be flagged as suspicious, as they may be more likely to be used for illicit purposes.

  1. Some of the agencies that have been known to use Chainalysis software include the U.S. Internal Revenue Service (IRS), the Federal Bureau of Investigation (FBI), and the U.S. Department of Homeland Security (DHS).

  2. Doesn’t recommend one.

  3. Instead, they recommend taking steps to preserve anonymity when using any cryptocurrency, including Bitcoin. Some of the advice given by the whistleblower for preserving anonymity when using Bitcoin includes:

  1. Use a pseudonym or pseudonym-based address: Rather than using a real name or personal information, use a pseudonym or pseudonym-based address when interacting with the Bitcoin network.
  2. Use a privacy-focused wallet: Choose a wallet that emphasizes privacy and does not collect or transmit personal information.
  3. Use TOR or other anonymity tools: Use TOR or other anonymity tools to obscure your IP address and protect your identity when interacting with the Bitcoin network.
  4. Use a mixing service: Consider using a mixing service or tumbler to obscure the origin of your funds and protect your privacy.
  5. Be mindful of your online activity: Be cautious about what information you share online and be mindful of the ways in which your online activity could potentially be used to compromise your anonymity.
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#209

  1. What are the five most likely causes for a Bitcoin transaction being marked as ‘suspicious’?
    Stolen funds (like from a hacking type incident), coming from a dnm, coming from a mixer, coming from terrorist financing, and coming from ransomware payout addresses.

  2. Which government agencies use Chainalysis software?
    The government agencies using Chainalysis software include HSI, FBI and IRS. In addition, ATF, DEA, SEC, Secret Service, CIA (through In Q Tel), and most of the other federal law enforcement agencies are running the software.

  3. What cryptocurrency does the whistleblower recommend for privacy?
    Monero for privacy but the need for caution for mobile wallets that don’t incorporate privacy measures.

  4. What advice does the whistleblower give for preserving anonymity when using Bitcoin?
    To avoid mobile wallets, look into Wasabi/Coinjoin and similar efforts, run a VPN/tor at all times, remember that everything you check out on the clear net is being logged by someone.

1 Like
#210

1. What are the five most likely causes for a Bitcoin transaction being marked as ‘suspicious’?
Being stolen funds (like from a hacking type incident), coming from a dnm, coming from a mixer, coming from terrorist financing, and coming from ransomware payout addresses.
2. Which government agencies use Chainalysis software?
FBI, IRS, ATF, DEA, SEC, CIA, Secret Service and more
3. What cryptocurrency does the whistleblower recommend for privacy?
Monero
4. What advice does the whistleblower give for preserving anonymity when using Bitcoin?
Do not use mobile wallets, use CoinJoin, use a VPN. Everything watched on the clear net is tracked and logged

#211

What are the five most likely causes for a Bitcoin transaction being marked as ‘suspicious’?

The five most likely causes for a Bitcoin transaction being marked as suspicious are:

1- being stolen funds, like from a hacking incident  

2- coming from a dnm (dark net market)  

3- coming from a mixer  

4- coming from terrorist financing  

5- coming from ransomeware payout addresses

Which government agencies use Chainalysis software?

The article states that the government agencies that use Chainalysis software include HSI, FBI and the IRS which are said to have the most licenses. Additional agencies are ATF, DEA, SEC, Secret Service, as well as most of the other federal law enforcement agencies including some large police departments like the NYPD, RCMP and Europol as well as the NCA, national police in the UK.

What cryptocurrency does the whistleblower recommend for privacy?

The whistleblower recommends using Monero for privacy but to avoid using mobile wallets.

What advice does the whistleblower give for preserving anonymity when using Bitcoin?

To preserve anonymity when using Bitcoin, the whistleblower says to look into using Wasabi/Coinjoin and to run a VPN/tor at all times.

#212

• What are the five most likely causes for a Bitcoin transaction being marked as ‘suspicious’?

Being stolen funds (like from a hacking type incident), coming from a dnm, coming from a mixer, coming from terrorist financing, and coming from ransomware payout addresses.

• Which government agencies use Chainalysis software?

According to the anon, the government agencies using Chainalysis software include HSI, FBI and IRS (they “seem to have the most licenses, or are, at least, the most active in using our software, since their names come up constantly.”) In addition, “ATF, DEA, SEC, Secret Service, CIA (through In Q Tel), and most of the other federal law enforcement agencies are running the software. Only really large police departments are running the software (it isn’t cheap) like NYPD. I know some district attorney offices have software licenses too, but I don’t know which ones. Oh and RCMP uses the software too. And Europol. The national police (NCA) in the UK, as well.”

• What cryptocurrency does the whistleblower recommend for privacy?

Monero

• What advice does the whistleblower give for preserving anonymity when using Bitcoin?

to avoid mobile wallets, look into Wasabi/Coinjoin and similar efforts, run a VPN/tor

#213

  1. What are the five most likely causes for a Bitcoin transaction being marked as ‘suspicious’?
    Being stolen funds (like from a hacking type incident), coming from a dnm, coming from a mixer, coming from terrorist financing, and coming from ransomware payout addresses.

  2. Which government agencies use Chainalysis software?
    A variety of government agencies utilize Chainalysis software, including HSI, FBI, IRS, ATF, DEA, SEC, Secret Service, CIA, NYPD, RCMP, Europol, and NCA.

  3. What cryptocurrency does the whistleblower recommend for privacy?
    Monero

  4. What advice does the whistleblower give for preserving anonymity when using Bitcoin?
    Avoiding mobile wallets, exploring privacy-focused solutions like Wasabi/CoinJoin, consistently using VPNs or Tor.

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#214

  1. Five most likely causes for a Bitcoin transaction being marked as ‘suspicious’

    • Stolen funds from hacking incidents.
    • Transactions from darknet markets.
    • Use of Bitcoin mixers.
    • Terrorist financing.
    • Ransomware payout addresses.

  2. Government agencies using Chainalysis software:

    • FBI
    • IRS
    • DEA
    • Secret Service
    • Europol

  3. Cryptocurrency recommended for privacy:

    • Monero

  4. Advice for preserving anonymity when using Bitcoin:

    • Use mixers like Wasabi.
    • Run a VPN or Tor at all times.
    • Avoid mobile wallets that lack privacy features.
    • Run your own Bitcoin node and Electrum server.
    • Be cautious about online activity, as it’s logged by someone.