I Know What You Did With That Bitcoin
Uncanny Valley | WIRED
WIRED
4.1 • 572 Ratings
🗓️ 20 April 2023
⏱️ 30 minutes
🧾️ Download transcript
Summary
If you’ve committed any internet crimes lately, you probably shouldn’t have paid for them with Bitcoin. While many crypto-evangelists have long thought of digital currency as a means of buying legal and illicit goods on the web with total anonymity, the fact is that nearly all cryptocurrency transactions leave a digital trail behind them that can point to your true identity. No matter how hard you try to hide, a dedicated sleuth with the right resources can find you.
This week on Gadget Lab, WIRED senior cybersecurity writer and author of the book Tracers in the Dark digs into all the ways investigators, government agents, and hackers can track down criminals online by “following the money” exchanged in cryptocurrency transactions.
Show Notes:
Andy’s book is Tracers in the Dark: The Global Hunt for the Crime Lords of Cryptocurrency. You can read two excerpts from the book on WIRED.com: the six-part AlphaBay saga and the feature about the takedown of a website for sharing child sex abuse materials.
Recommendations:
Andy recommends the deliberately frustrating game Getting Over It. Lauren recommends Andy’s WIRED story about the animal activists whose spy cams revealed the grim realities of pork slaughterhouses. Mike recommends the book Art Is Life by the art critic Jerry Saltz.
Andy can be found on Twitter @a_greenberg. Lauren Goode is @LaurenGoode. Michael Calore is @snackfight. Bling the main hotline at @GadgetLab. The show is produced by Boone Ashworth (@booneashworth). Our theme music is by Solar Keys.
This show originally aired on February 9, 2023. Here's the full transcript.
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Transcript
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| 0:00.0 | Hi, everyone. We're taking a break from our usual gadget lab programming this week. |
| 0:04.5 | And instead, we're going to play an episode from earlier this year that we really enjoyed. |
| 0:08.7 | It's an episode where we talk with Wired Security writer Andy Greenberg. His recent book, Tracers in the Dark, |
| 0:15.0 | is about cybercriminals who tried to use cryptocurrency to hide their crimes, thinking that that would make them untraceable. |
| 0:22.1 | But of course, unbeknownst to them, there were clues hidden in the crypto exchange that |
| 0:26.0 | helped detectives to hunt them down. |
| 0:28.1 | It's a fascinating conversation. |
| 0:29.7 | And it's something you should listen to if, like me, for a while, you've been saying things |
| 0:33.4 | like, but crypto is anonymized, right? |
| 0:36.8 | Not so much. So thanks for listening to this one, |
| 0:40.0 | and we'll be back next week with a new show. Lauren. Lauren, when you buy something |
| 0:50.8 | using cryptocurrency, do you feel like you're making that transaction anonymously? |
| 0:55.9 | Oh, when I buy something with cryptocurrency. Like when I go up to my morning coffee shop and I open |
| 0:59.8 | my metamask and I'm like, hey, do you guys take BTC or ETH or, you know, good coin? |
| 1:06.2 | Yes. No, I don't do any of that. And I really haven't thought too much about the anonymous prospects of this. Although I know that's a big part of cryptocurrency, right? |
| 1:16.6 | It is. The prevailing thought is that if you use it, people wouldn't really know what you're buying or how much you spent or that you even participated in a transaction in the first place. But that is actually kind of a myth. |
| 1:29.9 | Interesting. |
| 1:30.7 | Yes. |
| 1:31.2 | Do you want to hear more about it? |
| 1:32.1 | I definitely do. |
| 1:33.7 | Then let's bring on our guest. |
| 1:42.1 | Hi, everyone. |
... |
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