According to blockchain intelligence company Elliptic, cyber criminals are using cryptocurrency analytics to stay ahead of law enforcement agencies. Elliptic says a “Blockchain Analysis Tool Has Been Introduced on the Dark Web” and the tool is called “Antinalysis”.
Meet the Antinalysis blockchain analysis tool hosted on Tor
On August 13, blockchain surveillance company Elliptic published a blog post describing how the company discovered a blockchain analytics tool that cyber criminals are using to protect themselves. The tool called “Antinalysis” allows “Bitcoin addresses to be checked for links to criminal activity,” claims Elliptic.
The company’s announcement went on to say that Antinalysis will give individuals the ability “to test whether their funds are being identified as crime proceeds by regulated exchanges”. The company’s blog post adds:
Antinalysis aims to help crypto launders avoid this by giving them a preview of what a blockchain analysis tool will do with their Bitcoin wallet and the funds it contains. The website runs on Tor, an anonymous version of the web often used to host darknet markets and other illegal services.
Elliptic says the creator of Antinalysis is a software developer behind the Darknet Market (DNM) Incognito Market. The guiding principle of the tool is: “Provide a perspective from the opponent’s point of view”, details in Elliptic’s blog post.
People using the anti-analytics tool pay $ 3 to look at a single Bitcoin address and the tool breaks up onchain movements. Users can pay for the service with Bitcoin (BTC) or Monero (XMR), as Elliptic’s report points out.
“Antinalysis claims to provide highly accurate results and has verified this by comparing it to commercially available blockchain analysis tools,” said Elliptic. “However, Elliptic’s own analysis of the results returned for a number of Bitcoin addresses shows that it was bad at detecting links to large darknet markets and other criminal entities.” The blog post further emphasizes:
Regardless, the tool represents a significant new capability for crypto washers.
In addition, Elliptic emphasized in the blog post that an article by well-known security researcher Brian Krebs had come to the same results. Both Krebs and Elliptic point out that Antinalysis likely uses the AMLBot API, a tool developed by blockchain intelligence company Crystal Blockchain.
“The results from Antinalysis are identical to those from AMLBot,” explains Elliptic of the new tool.
What do you think of the new tool called Anti-Analysis? Let us know what you think on this matter in the comments below.
Photo credits: Shutterstock, Pixabay, Wiki Commons, Elliptical,
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