An Automated Abstract Approach for Investigating Bitcoin Balances and Wallet Addresses

Abstract

While Bitcoin is legal, hackers, narcotics smugglers, and other dubious persons that have to be prosecuted are still utilizing it. Bitcoin is used in various industries due to its wide range of applications but it is also on the radar of malicious people and they are performing various types of cybercrimes in the dark web. Future conflicts will be cyber wars, with crimes combining cryptography and malware to manipulate information technology and compromise their security. Cyber-attacks are made easier by the rapid development of the Internet. Loss of private information and degradation of customer trust in e-commerce are two examples of web threats. In this paper, the authors have implemented an automated process for investigating the bitcoins balances and wallet addresses. The authors have also highlighted the use of bitcoin in various cybercrimes. The tool used in investigating the Bitcoin balances and the bitcoin wallets is SpiderFoot. The results are generated in our paper are the form of hashes of bitcoin balances and wallet addresses that are investigated properly to check for any cyber fraud in the dark web.