BTC $75,460.17 -1.11%
ETH $2,386.94 -2.43%
BNB $710.17 -1.24%
XRP $1.27 -9.93%
SOL $96.94 -3.45%
TRX $0.3343 -0.89%
DOGE $0.0789 -4.56%
ADA $0.1916 -6.50%
BCH $217.56 -2.72%
LINK $10.67 -5.97%
HYPE $78.37 -0.47%
AAVE $116.88 -8.10%
SUI $0.6878 -2.96%
XLM $0.1739 -11.44%
ZEC $1,246.40 +9.64%
AAPL $334.19 +1.36%
AMZN $248.15 -0.76%
GOOGL $345.02 +0.14%
MSFT $493.41 -1.25%
META $679.11 +1.73%
NVDA $215.10 +1.09%
TSLA $362.12 +0.79%
SNDK $1,536.80 -1.68%
INTC $101.78 +2.62%
SPCX $151.06 +3.11%
MU $931.60 -0.83%
AMD $523.23 +2.88%
BTC $75,460.17 -1.11%
ETH $2,386.94 -2.43%
BNB $710.17 -1.24%
XRP $1.27 -9.93%
SOL $96.94 -3.45%
TRX $0.3343 -0.89%
DOGE $0.0789 -4.56%
ADA $0.1916 -6.50%
BCH $217.56 -2.72%
LINK $10.67 -5.97%
HYPE $78.37 -0.47%
AAVE $116.88 -8.10%
SUI $0.6878 -2.96%
XLM $0.1739 -11.44%
ZEC $1,246.40 +9.64%
AAPL $334.19 +1.36%
AMZN $248.15 -0.76%
GOOGL $345.02 +0.14%
MSFT $493.41 -1.25%
META $679.11 +1.73%
NVDA $215.10 +1.09%
TSLA $362.12 +0.79%
SNDK $1,536.80 -1.68%
INTC $101.78 +2.62%
SPCX $151.06 +3.11%
MU $931.60 -0.83%
AMD $523.23 +2.88%

cluster

All
Article
Flash

Holding 28,600 BTC, worth 1.8 billion USD, the wallet cluster is suspected to be linked to the Zhimin Qian money laundering case

According to on-chain detective Specter, it has discovered a cluster of wallets holding 28,600 BTC, worth approximately $1.8 billion, suspected to be related to wallets previously attributed to the money laundering case of Zhimin Qian.A few weeks ago, a Bitcoin wallet that had been dormant since 2017 transferred 1,020 BTC, worth about $60 million, and began distributing funds to multiple addresses in a manner consistent with money laundering activities. After tracking these transactions, Specter found that the related wallet cluster was connected to publicly associated addresses investigated in the UK concerning Zhimin Qian. From 2014 to 2017, Zhimin Qian organized large-scale investment fraud in China, affecting over 128,000 victims. UK authorities later traced a significant amount of criminal proceeds flowing into Bitcoin, with the Met Police ultimately seizing 60,000 BTC, marking the largest cryptocurrency seizure in UK history at that time.In July 2021, UK authorities transferred the seized BTC, creating identifiable on-chain associations. Following the recent transfer of 1,020 BTC, Specter identified additional wallets, which currently hold a total of 28,600 BTC, worth approximately $1.8 billion. These wallets have largely been dormant since June 2021. Based on on-chain evidence, it remains unclear whether these wallets are still controlled by the same actor, other custodians, or have been identified by law enforcement.

Chainalysis plans to launch an on-chain tracking standard system, proposing an "address clustering ontology" to unify blockchain forensic methods

According to CoinDesk, blockchain analysis company Chainalysis has released a new methodological proposal aimed at establishing a unified on-chain fund tracking standard framework for law enforcement agencies and investigators, to identify address clusters and determine their possible control relationships.The proposal defines the on-chain analysis structure in the form of "ontology," focusing on systematically breaking down the currently unstandardized concept of "cluster" in the industry into wallet segments and functional roles, and describing on-chain relationships through a two-layer structure: the first layer defines the transaction graph structure, and the second layer assesses inference confidence.Chainalysis stated that the framework aims to enhance the interpretability and legal applicability of on-chain forensic methods, and is designed and validated based on its practical experience in relevant cases within the U.S. Department of Justice, including the analytical application in the mixing service Bitcoin Fog case.The company's Chief Scientist Jacob Illum pointed out that the goal of the proposal is to answer "on what evidence basis can these addresses be considered to belong to the same entity," while emphasizing that on-chain analysis itself cannot directly identify the ultimate user identity and still requires legal investigative methods combined with centralized entities such as exchanges.Chainalysis indicated that the standard proposal is currently open for discussion within the industry, hoping to promote the formation of more unified technical specifications for on-chain analysis methods in the fields of law enforcement and compliance.
app_icon
ChainCatcher Building the Web3 world with innovations.