EUROPOL HAS ITS EYES ON THE POPULAR BITCOIN PRIVACY TOOL WASABI WALLET

On 4 June, Coindesk reported that a 2-part report by Europol’s European Cybercrime Centre (EC3) analysed the privacy tool’s impact on using the Bitcoin blockchain to investigate crimes. It is said that the report says that in 3 weeks, BTC in the amount of nearly $50 million were deposited into Wasabi with almost 30% coming from dark web markets – despite dark web transactions are estimated to have only 1% share of total transactions. Wasabi tries to get around Bitcoin’s radical transparency, giving users more privacy by scrambling transactions together and confusing the trail.

https://www.coindesk.com/europol-bitcoin-privacy-wasabi-wallet

 

 

If you would like to say thanks by making a small contribution, in case I need to upgrade or replace my computers and other paraphernalia, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s