Antinalysis is the new tool that cybercriminals are reportedly using to determine whether their Bitcoin and other cryptocurrency addresses are being tracked by authorities and blockchain analysis firms.
But also, it’s the first time the general public has access to a tool like this freely and openly. With Antinalysis, users can find out if their cryptocurrencies have been “vetted” by authorities and governments, or exchanges and other ecosystem services, on suspicion of being related to illicit acts.
From the dungeons of the dark web to the public and accessible Internet
On August 13, 2021, the blockchain analysis firm Elliptic, published a report where it talks about the discovery of Antinalysis in thedark web, being accessible only through the Tor network. Other media, such as the BBC and journalist Brian Krebs
‘ website, also published their own investigations regarding the website.
with one of the representatives of Antinalysis, where they explain the reasons behind the creation of the tool and how it works.
In the interview it is commented that due to the fame acquired in the last weeks, the owners of Antinalysis decided to turn it into a public web page, although it continues working in servers of the dark web for privacy and security reasons, confesses alias “Pharaoh”, creator of the web, in conversation with Forkast.
Now, any user can check if their blockchain address is tainted by transactions flagged as illicit by authorities and analytics firms. The application can be found at the address Antinalysis.org.
In this box you can buy the turns to consult blockchain addresses on Antinalysis, cancelable in XMR and BTC. Source: Antinalysis.org
The service is used through the purchase of tokens or user tokens, which will give us the consultation turns. The first token package costs USD 30 and gives us 10 turns, i.e. we can query 10 times if a blockchain address is being tracked. The service can be paid for with the cryptocurrencies monero (XMR) and BTC, and can also be purchased in batches of 100, 1000 and 5000 turns.
For its part, Elliptic showed how, by making a query, you can even see the percentage of risk that a Bitcoin address would have, as long as it contains funds that have come from me
Antinalisys shows the percentage of risk or ‘dirt’ that certain currencies can have on such a network
Antinalysis, a tool in defense of privacy as a human right
It is possible that cybercriminals have severe problems converting their bitcoins to national (fiat) currencies, Elliptic points out, which is why it would have given rise to the need to use a tool like Antinalysis
In fact, they point out that the developer of Antinalysis is also the developer of Incognito Market, a narcotics marketplace operating on the dark web that accepts payments in XMR and BTC.
However, in the interview with Forkast, its creator (Pharaoh) defends himself by arguing that privacy is a human right. In addition, in his opinion, blockchain analysis firms would incur in an illegitimate surveillance activity, since there is no formal court case that authorizes them to collect data from cryptocurrency users.
In this sense, Pharaoh argues that users have the right to know what private information firms and authorities possess about them.
The main purpose of Antinalysis is to allow users to have complete information about the cryptocurrencies they own. Modern analytics firms collect information from blockchains without the consent of their users, and do not provide methods or channels to obtain the data that has been collected.
The most ridiculous thing is that on-chain
data analysis is not backed by laws – what they are doing is not much different from doing mass private surveillance in areas that are public. I mean, they’re private firms and they have no public authority do they? This is a serious breach of privacy, in my opinion. Pharaoh, Antinalysis developer,
how do you get the data?
Elliptic initially noted that Antinalysis’s capabilities for finding banned addresses were very limited, but cybersecurity journalist Brian Krebs said they were actually quite accurate and precise.
As quoted by Krebs in a report
on the topic, researcher Nick Bax pointed out that Antinalysis was very similar to AMLBot, an online service that also provides blockchain analysis and tracking and was launched in 2019.
Indeed, the firm Crystal Blockchain, which in turn contracts AMLBot’s services, confirmed
last August 18 that it revoked access to Antinalysis, causing the service to shut down.
Now, Pharaoh confessed in the interview with Forkast that after that, they were collecting information on the w
eb to re-enable the tool. In addition, he points out, they have a database belonging to Elliptic, although it has not been clarified whether it was obtained through a leak, which is most likely.
On their contact page, the creators of Antinalysis make a joke to Elliptic by placing the Twitter of Tom Robinson, director of this blockchain analysis firm. Source: Antinalysis.org
In its report, Elliptic noted that Antinalysis is a tool of importance to those who wish to launder or un-stain cryptocurrencies, but also a tool that is available to the general public and can be used for noble purposes
It is also significant because it makes blockchain analysis tools available to the public, for the first time. To date, this type of analysis has been used primarily to regulate financial service providers. Individuals or retailers concerned about the possibility of receiving money from crime can now start verifying addresses before agreeing to have BTC sent to them.
Dr. Tom Robinson, Elliptic.
At CryptoNews we have reported on the increasing relevance of blockchain analysis tools. Last August 30, this media reported
that the U.S. Securities and Exchange Commission (SEC) would be analyzing decentralized finance platforms (DeFi) through a private analysis firm.
Meanwhile, Banco Santander and Elliptic have been working on analyzing cryptocurrency transactions, applying their methodology to the Know Your Customer(KYC) andAnti Money Laundering(AML) policies of this banking institution.