Bitcoin anonymity, hackers can deanonymize users from their transactions

  • 28 November 2014
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by Pierluigi Paganini on November 28th, 2014
 

A group of researchers at the University of Luxembourg have demonstrated that is it possible to de-anonymize Bitcoin users from its transactions.

The majority if Bitcoin users consider the virtual currency absolutely anonymous, but researchers at the University of Luxembourg have demonstrated that is it possible to de-anonymize clients in a Bitcoin P2P network.
In the paper written by Alex Biryukov, Dmitry Khovratovich and Ivan Pustogarov and titled “Deanonymisation of clients in Bitcoin P2P network“the experts explain hot it is possible to exploit a built in flaw in the Bitcoin system to reveal the IP address, and the identity, of users that make a payment with the virtual currency.
 
  
http://securityaffairs.co/wordpress/wp-content/uploads/2014/11/bitcoin-anonymity-paper.png
 
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