• Journal of the Korea Institute of Information Security & Cryptology
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• v.28 no.3
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• pp.717-727
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• 2018

When illegal transactions are made with bitcoin, it's not easy to track all the bitcoins used in the transaction and seize them. Especially, if criminals distribute illegal transactions by spreading them to several bitcoin addresses, it's difficult to track hidden bitcoins other than confiscated bitcoins even if some bitcoins are confiscated. This paper proposes a method for tracking and monitoring all bitcoin transactions suspected of illegal transactions. This method estimates bitcoin addresses that are highly relevant to crime among all bitcoin addresses that dealing with the address based on the bitcoin address list of the alleged crime, and keeps track of addresses that are relevant to crime and help to investigate illegal bitcoin transaction.