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<p>A group of Russian academics from the Moscow Technical University of Communications and Informatics (MTUCI) has announced a breakthrough in the fight against crypto-powered crime. The academicians say theirs is an easy-to-use solution that will help the police in their fight against Bitcoin and ETH-powered crimes.</p> 
<p><a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=Will+Russia%E2%80%99s+New+Method+for+Visualizing+Blockchain+Help+Fight+Crypto+Powered+Crime%3F" rel="nofollow noopener" target="_blank"><img loading="lazy" decoding="async" class="wp-image-67567 size-full aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Frax Finance" width="728" height="90" title="Will Russia’s New Method for Visualizing Blockchain Help Fight Crypto Powered Crime? 58" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg 728w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3-300x37.jpg 300w" sizes="(max-width: 728px) 100vw, 728px"></a></p> 
<p>According to a <a href="https://naked-science.ru/article/column/blokchejna-dlya-poiska-do" rel="nofollow noopener" target="_blank">report</a> on the popular local outlet Naked Science, the proposed solution will be used to visualize blockchain networks to dig for evidence for crimes. The scientist believe their unique approach of analyzing transaction data in blockchains will enable authorities to analyze cash flows to identify links between users and features of the data structure.</p> 
<figure id="attachment_76046" aria-describedby="caption-attachment-76046" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="wp-image-76046 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/DALL·E-2024-12-12-17.52.38-A-futuristic-digital-illustration-of-Russias-blockchain-visualization-system-designed-to-combat-crypto-powered-crime.-The-image-features-a-sleek-hig.webp" alt="Will Russia’s New Method for Visualizing Blockchain Help Fight Crypto Powered Crime?" width="1792" height="1024" title="Will Russia’s New Method for Visualizing Blockchain Help Fight Crypto Powered Crime? 59" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/DALL·E-2024-12-12-17.52.38-A-futuristic-digital-illustration-of-Russias-blockchain-visualization-system-designed-to-combat-crypto-powered-crime.-The-image-features-a-sleek-hig.webp 1792w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/DALL·E-2024-12-12-17.52.38-A-futuristic-digital-illustration-of-Russias-blockchain-visualization-system-designed-to-combat-crypto-powered-crime.-The-image-features-a-sleek-hig-300x171.webp 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/DALL·E-2024-12-12-17.52.38-A-futuristic-digital-illustration-of-Russias-blockchain-visualization-system-designed-to-combat-crypto-powered-crime.-The-image-features-a-sleek-hig-1024x585.webp 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/DALL·E-2024-12-12-17.52.38-A-futuristic-digital-illustration-of-Russias-blockchain-visualization-system-designed-to-combat-crypto-powered-crime.-The-image-features-a-sleek-hig-768x439.webp 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/DALL·E-2024-12-12-17.52.38-A-futuristic-digital-illustration-of-Russias-blockchain-visualization-system-designed-to-combat-crypto-powered-crime.-The-image-features-a-sleek-hig-1536x878.webp 1536w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/12/DALL·E-2024-12-12-17.52.38-A-futuristic-digital-illustration-of-Russias-blockchain-visualization-system-designed-to-combat-crypto-powered-crime.-The-image-features-a-sleek-hig-860x491.webp 860w" sizes="(max-width: 1792px) 100vw, 1792px">
 <figcaption id="caption-attachment-76046" class="wp-caption-text">
  Crypto-Powered Crime Solution by Russia Academicians Announced
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</figure> 
<h2 id="visualizing-blockchain-will-help-police-better-understand-crypto">Visualizing Blockchain Will Help Police Better Understand Crypto</h2> 
<p>The news of the development is contained in an academic paper presented by team leader Anna Vanyushina, who said their solution against crypto-powered crime involves easy-to-use tools that can assist investigators in visualizing Bitcoin blockchain networks. They further stated that it will give the police an upper hand in crime research by enabling sophisticated transaction analysis. According to team leader Vanvyushina, investigators will be able to identify <em>“connections between network participants and analyze cash flows […] create graphs […] visually show how assets are transferred between addresses.”</em></p> 
<p>The Russian scientists said in their report they had tested their crypto-powered crime buster using data from the Bitcoin and Ethereum blockchains and discovered that the algorithms they secured <em>“can be adapted to various forms of blockchain data analysis […]used to develop tools to combat criminal activity”</em> within the digital asset sector. The solution is aimed at enabling the police and prosecution officials to understand blockchain data better so they can better fight crime.</p> 
<h2 id="crypto-powered-crime-has-progressed-over-time">Crypto Powered Crime has Progressed over Time</h2> 
<p>Since the inception of Bitcoin in 2009, crypto-powered crime has become increasingly popular as individuals and organized groups take advantage of blockchain’s features of privacy and anonymity to conduct their illegal activities. Such groups have habitually exploited crypto’s decentralized nature and pseudonymity to facilitate money laundering and other corruption-related crimes. \</p> 
<p>To avoid detection, criminals would prefer to use digital assets instead of traditional banking systems that leave their footprints to transfer large sums of illegal cash. That’s because they believe crypto carries a lower risk of detection by regular financial institutions or law enforcement that can follow up on recorded transaction reports.</p> 
<p>According to a November 2024 report by Chainalysis, crypto-powered crime has progressed from hackers simply stealing millions of dollars worth of funds from cryptocurrency exchanges and spreading to several other areas. There have been many cases of ransomware where thugs use crypto to bypass traditional banking to other crimes like drug trafficking and money laundering. While most government institutions have mistakenly believed crypto-powered crime only involves cybercrime, new evidence shows that its use has spread across to include violent crime and human trafficking syndicates. Unfortunately, many law enforcement agencies lack tools like the new Russian tool that allows blockchain visualization.</p> 
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-37804 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/08/IMG_3385.jpeg" alt="Will Russia’s New Method for Visualizing Blockchain Help Fight Crypto Powered Crime?" width="1024" height="585" title="Will Russia’s New Method for Visualizing Blockchain Help Fight Crypto Powered Crime? 60" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/08/IMG_3385.jpeg 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/08/IMG_3385-300x171.jpeg 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/08/IMG_3385-768x439.jpeg 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/08/IMG_3385-860x491.jpeg 860w" sizes="(max-width: 1024px) 100vw, 1024px"></p> 
<h2 id="law-enforcers-must-advance-their-systems">Law Enforcers Must Advance Their Systems</h2> 
<p>If the Russian tool for visualizing blockchain networks succeeds as designed, it could play a significant role in mitigating risks associated with criminal gangs’ use of <a href="https://thebitjournal.com/is-bitcoin-really-a-threat-to-national-security/">Bitcoin</a> and other cryptocurrencies. Moreover, the academicians will need to work out a formula for integrating the relevant actions, which include implementing regulatory and legislative frameworks that could be used to give the police and regulatory institutions the capacity to dismantle the criminal networks.</p> 
<p>As criminals advance to using AI-powered and encrypted communication and innovative tools to advance their crypto-powered crime and tactics, law enforcement agencies have to change tact and use more advanced tools to stay ahead of the criminals. Advanced technologies, such as the newly announced tool for blockchain visualization by the Russians, would greatly enhance the ability of the police to assist the ever-growing audience of victims and enhance their potential for success.</p> 
<h2 id="conclusion">Conclusion</h2> 
<p>International law enforcement agencies have a role to play in mitigating the dangers of crypto-powered crime. This may include coordinating with academicians in the development and implementation of new methods of fighting crime, as well as establishing networks that will facilitate the sharing of experiences and supporting platforms that can assist them. As global cryptocurrency adoption advances, authorities will face new challenges in tackling crypto-powered crimes and only time will tell whether the new tool by Russian scientists will help to counter the increasing breadth of crimes surrounding crypto.</p>

Will Russia’s New Method for Visualizing Blockchain Help Fight Crypto Powered Crime?

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