Dark web users have developed a new tool to test whether funds will be snared by anti-money laundering checks.
Known as Antinalysis, the tool can be used by cybercriminals to identify which bitcoin addresses may be linked to criminal activity.
Elliptic, the blockchain analytics company, highlighted the existence of the new tool in a blog post published this morning. Elliptic is one of several well-capitalized companies that trace illicit funds using blockchain analysis, making it tricky for criminals to launder stolen funds.
“Antinalysis seeks to help crypto launderers to avoid this, by giving them a preview of what a blockchain analytics tool will make of their bitcoin wallet and the funds it contains,” wrote Elliptic co-founder Tom Robinson, in the blog post.
The Antinalysis site runs on Tor, an anonymous version of the web; charges $3 per bitcoin address scanned; and, according to Robinson, “claims to offer highly accurate results.” It was created by the one of the developers of Incognito Market, a darknet marketplace focused on the sale of narcotics. https://www.theblockcrypto.com/post/114461/cybercriminals-turning-blockchain-analytics-advantage