How to Not Get Caught When You Launder Money on Blockchain?
Cryptography and Security
2020-10-29 v1 Artificial Intelligence
Abstract
The number of blockchain users has tremendously grown in recent years. As an unintended consequence, e-crime transactions on blockchains has been on the rise. Consequently, public blockchains have become a hotbed of research for developing AI tools to detect and trace users and transactions that are related to e-crime. We argue that following a few select strategies can make money laundering on blockchain virtually undetectable with most of the existing tools and algorithms. As a result, the effective combating of e-crime activities involving cryptocurrencies requires the development of novel analytic methodology in AI.
Cite
@article{arxiv.2010.15082,
title = {How to Not Get Caught When You Launder Money on Blockchain?},
author = {Cuneyt G. Akcora and Sudhanva Purusotham and Yulia R. Gel and Mitchell Krawiec-Thayer and Murat Kantarcioglu},
journal= {arXiv preprint arXiv:2010.15082},
year = {2020}
}