How do Chinese police track and seize cryptocurrency? Rare paper reveals forensic tools

AI Summary

Chinese police disclosed a detailed report on forensic tools used to track, seize, and freeze cryptocurrency, despite a government ban on virtual currencies. The report reveals the sophisticated methods applied against criminals using Bitcoin, Ethereum, and stablecoins.

Chinese police have published a detailed technical report on tracking, seizing, and freezing cryptocurrency – revealing a sophisticated arsenal of forensic tools. Bitcoin, Ethereum and the like may be household names, but they are illegal in China. A 2021 government notice banned their use as currency, and new rules from earlier this year went even further, cracking down on stablecoins and the tokenisation of real-world assets. Yet despite the ban, criminals still favour virtual coins for scams,...