Talk Title: Bitcoin Forensics – Unintelligible Yet Transparent

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Presented at bsidesdelhi 2017 by

Anupam Tiwari

Abstract: The increased use of cryptocurrencies such as Bitcoin among an increasing user base has opened a new avenue of research in the field of digital forensics ie Bitcoin Forensics. Since the creation of Bitcoin in 2008, cryptocurrencies have begun to make a presence in the world of e-commerce. Cryptography serves as the underlying foundation for Bitcoin, which gives it the benefits of confidentiality, integrity, non repudiation and authentication. Having been designed and built upon the foundation of these four objectives makes Bitcoin an attractive alternative to mainstream currency and provides users with the benefits of payment freedom, security, very low fees, and fewer risks for merchants.But with a pleothra of advantages that it offers,there is a definete side to worry too and thats the money laundering transactions.On an average it is estimated that around 3 lakh bitcoin transactions happen inside a day and its not an easy task any day for a forensic investigator to trace the origins here.The talk will bring out the technical overview and evolving forensics developments in the domain.