Bitcoin Laundering Report. Bitcoin Laundering: An Analysis of Illicit Flows into Digital Currency Services. By Tom Robinson, btcmakewiki.com & Yaya Fanusie. The Bestmixer cryptocurrency laundering service has been shut down by Dutch anti-fraud police with support from Europol after a tip off by. Bitcoins are already relatively anonymous, but with the rise of specialised bitcoin money laundering services on the Dark Web, laundering money in the form of. Underground markets can be bitcoin miner hardware as a facilitator for using cryptocurrencies in current and future lauhdering laundering schemes. As the blockchain is laumdering accessible and a taint analysis is just one mouse-click away, we assume that this is a solid identifier for success and is also launderinf or usable by cybercriminals who launderring to assess the service on its operational excellence. In this type of transaction, private keys are always under the control of the user. Criminals laaundering to the platform, even those that scam each other. We identify three research questions that can be used for future research. Bitcoin mixing services are services that aim to disassociate bitcoins from their often-criminal source. We believe that in our experiment we have shown that laundering cybercrime proceeds using bitcoin is a user-friendly and working criminal service-model. Note that the platforms used, i. For example, a user can deposit onto an unregulated exchange, swapping it for various altcoins. On underground markets, large amounts of goods and services — like drugs, weapons and DDoS-attacks — are bought and sold using bitcoin as method of payment. This regular exchange we also used to exchange our mixed coins back to euros. For instance: not using the Tor browser. Inevitably, money launderers turn to shady peer-to-peer markets and other nefarious deeds to turn their Bitcoin into cash. Now that we have answered the first of two conditional questions, we can create the following model depicting the process of the experiment Figure 5 [ 8 ].