Topic: CipherTrace CEO serves as Bitcoin Expert Witness in $1.4M Darkweb Case (Read 251 times)

Quote from: Kemarit on June 13, 2019, 01:43:55 AM

~ snip ~

~snip

~snip~

~ snip ~

I am pretty sure AML companies like Ciphertrace are able to track the movement of funds even if they use mixing services. They do live demos of their tech so it would be interesting to see it happen in real time

We cant still conclude such thing if they do able to trace it out.I havent hear one that someone do able to trace such transactions where those alleged coins do came from.(Tell me if i do missed something) but i wont really be surprised that later on they would able to do such thing.

darylalban

jr. member

Activity: 184

Merit: 1

Quote from: akeegan on June 10, 2019, 11:56:28 AM

Quote from: carlfebz2 on June 08, 2019, 03:44:31 PM

Quote from: akeegan on June 10, 2019, 11:56:28 AM

~ snip ~

~snip

~snip~

~ snip ~

You are right, we don't really know these numbers but if companies are releasing reports every quarter about numbers we might have a better understanding. Just like any sort of set of data we are able to analyze it overtime and watch for any major change that looks suspicious. I don't really know what their technology looks like on the backend but I would assume you are able to see the dust but what is more important and alarming are the movements of money that affect people.

But in this case though, it looks like it was just a individual, not a company so I don't think that anyone will oblige in reporting how you obtain your bitcoins. What if the individual users mixing services? Will CipherTrace really dig on that individual's history? And for the sake of argument, I'm also not agreeing on companies submitting any reports whatsoever, that's why we are decentralized and with ho higher authority to tell us what to do. Everything can be seen in blockchain, and then we have OTC trading as well. So it's really difficult to trace and follow every footprints here.

I am pretty sure AML companies like Ciphertrace are able to track the movement of funds even if they use mixing services. They do live demos of their tech so it would be interesting to see it happen in real time

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: carlfebz2 on June 08, 2019, 03:44:31 PM

Quote from: carlfebz2 on June 08, 2019, 03:44:31 PM

~ snip ~

~snip

~snip~

~ snip ~

You are right, we don't really know these numbers but if companies are releasing reports every quarter about numbers we might have a better understanding. Just like any sort of set of data we are able to analyze it overtime and watch for any major change that looks suspicious. I don't really know what their technology looks like on the backend but I would assume you are able to see the dust but what is more important and alarming are the movements of money that affect people.

But in this case though, it looks like it was just a individual, not a company so I don't think that anyone will oblige in reporting how you obtain your bitcoins. What if the individual users mixing services? Will CipherTrace really dig on that individual's history? And for the sake of argument, I'm also not agreeing on companies submitting any reports whatsoever, that's why we are decentralized and with ho higher authority to tell us what to do. Everything can be seen in blockchain, and then we have OTC trading as well. So it's really difficult to trace and follow every footprints here.

akeegan

jr. member

Activity: 236

Merit: 4

Dave Jevans, CEO of the blockchain security company CipherTrace was qualified by a Canadian court as an expert on Bitcoin. These experts can help testify or support a legal team to help attorneys understand how crypto works. I think this is great to help catch those who are moving mass amounts of money, narcotics or anything else that would put other people in danger.

What is wrong in moving mass amounts of money unless there is an illegal intent, this is nothing exceptional, if there is a technology that the court needs assistance they usually turns to these experts to prove the case and explain to the judge so that he could understand the evidence provided. We had some high profile cases in the past and i am sure there were experts helping them with the case during the prosecution.

I agree. I don't think it's an issue to move mass amounts of money but I do think moving amounts that are extremely suspicious then this type of behavior should be flagged. We need to figure out as a community how we are going to handle these types of situations. Do we just let them happen or do we hire cyber security firms like ciphertrace to assist?

For some obvious kind of illegal or suspicious transactions then hiring or asking for help for those Experts would really be needed but i would say that
These kind of cases is just only a dust to those transactions that do happen illegally out there.They might able to resolve maybe 1-2 case but we don't know actually on
what are the numbers when it comes to these transactions.Yes, making big transactions isn't wrong but you cant avoid for the community not to have an eye
into those big amount movements.

You are right, we don't really know these numbers but if companies are releasing reports every quarter about numbers we might have a better understanding. Just like any sort of set of data we are able to analyze it overtime and watch for any major change that looks suspicious. I don't really know what their technology looks like on the backend but I would assume you are able to see the dust but what is more important and alarming are the movements of money that affect people.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Dave Jevans, CEO of the blockchain security company CipherTrace was qualified by a Canadian court as an expert on Bitcoin. These experts can help testify or support a legal team to help attorneys understand how crypto works. I think this is great to help catch those who are moving mass amounts of money, narcotics or anything else that would put other people in danger.

What is wrong in moving mass amounts of money unless there is an illegal intent, this is nothing exceptional, if there is a technology that the court needs assistance they usually turns to these experts to prove the case and explain to the judge so that he could understand the evidence provided. We had some high profile cases in the past and i am sure there were experts helping them with the case during the prosecution.

I agree. I don't think it's an issue to move mass amounts of money but I do think moving amounts that are extremely suspicious then this type of behavior should be flagged. We need to figure out as a community how we are going to handle these types of situations. Do we just let them happen or do we hire cyber security firms like ciphertrace to assist?

For some obvious kind of illegal or suspicious transactions then hiring or asking for help for those Experts would really be needed but i would say that
These kind of cases is just only a dust to those transactions that do happen illegally out there.They might able to resolve maybe 1-2 case but we don't know actually on
what are the numbers when it comes to these transactions.Yes, making big transactions isn't wrong but you cant avoid for the community not to have an eye
into those big amount movements.

rmilly

jr. member

Activity: 312

Merit: 1

Dave Jevans, CEO of the blockchain security company CipherTrace was qualified by a Canadian court as an expert on Bitcoin. These experts can help testify or support a legal team to help attorneys understand how crypto works. I think this is great to help catch those who are moving mass amounts of money, narcotics or anything else that would put other people in danger.

What is wrong in moving mass amounts of money unless there is an illegal intent, this is nothing exceptional, if there is a technology that the court needs assistance they usually turns to these experts to prove the case and explain to the judge so that he could understand the evidence provided. We had some high profile cases in the past and i am sure there were experts helping them with the case during the prosecution.

I agree. I don't think it's an issue to move mass amounts of money but I do think moving amounts that are extremely suspicious then this type of behavior should be flagged. We need to figure out as a community how we are going to handle these types of situations. Do we just let them happen or do we hire cyber security firms like ciphertrace to assist?

uray

hero member

Activity: 1400

Merit: 505

Dave Jevans, CEO of the blockchain security company CipherTrace was qualified by a Canadian court as an expert on Bitcoin. These experts can help testify or support a legal team to help attorneys understand how crypto works. I think this is great to help catch those who are moving mass amounts of money, narcotics or anything else that would put other people in danger.

What is wrong in moving mass amounts of money unless there is an illegal intent, this is nothing exceptional, if there is a technology that the court needs assistance they usually turns to these experts to prove the case and explain to the judge so that he could understand the evidence provided. We had some high profile cases in the past and i am sure there were experts helping them with the case during the prosecution.

goaldigger

sr. member

Activity: 2422

Merit: 357

https://www.theexpertinstitute.com/ciphertrace-ceo-serves-as-bitcoin-expert-witness-in-1-4-million-darkweb-crypto-case/

Dave Jevans, CEO of the blockchain security company CipherTrace was qualified by a Canadian court as an expert on Bitcoin. These experts can help testify or support a legal team to help attorneys understand how crypto works. I think this is great to help catch those who are moving mass amounts of money, narcotics or anything else that would put other people in danger.

So there was an entity called blockchain security. I am literally not aware if this until now. Sadly, I guess its just available in Canada. I see a hope in crypto crime management where people who really do fraud things can get the taste of justice in a legal way.

wattcrypto

jr. member

Activity: 247

Merit: 1

We need AML compliance otherwise the hacks and scams will get out of hand. Someone needs to regulate the bad actors because we certainly do not have time for it

olliecrypto

newbie

Activity: 50

Merit: 0