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Can You Mix It? An Analysis of Bitcoin Mixers

Abstract Third-party mixers are used to heighten the anonymity of Bitcoin users. The mixing techniques implemented by these tools are often untraceable on the blockchain, making them appealing to money launderers. This research aims to analyze mixers currently available on the deep web. In addition, an in-depth case study is done on an open-source bitcoin mixer known as Penguin Mixer. A local version of Penguin Mixer was used to visualize mixer behavior under specific scenarios. This study could lead to the identification of vulnerabilities in mixing tools and detection of these tools on the blockchain.
Created Date 2018-12
Contributor Pakki, Jaswant (Author) / Doupe, Adam (Thesis Director) / Shoshitaishvili, Yan (Committee Member) / Computer Science and Engineering Program / Computer Science and Engineering Program / Barrett, The Honors College
Subject Security / Blockchain / Bitcoin / Anonymity / Cryptocurrency
Series Academic Year 2018-2019
Type Text
Extent 32 pages
Language English
Collaborating Institutions Barrett, the Honors College
Additional Formats MODS / OAI Dublin Core / RIS

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