Bitcoin Detective - Investigating Cryptocurrencies, tracing bitcoin

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About the course

  • Fiat currency v. Crypto currency - How fiat currencies work and the differences and similarities with cryptocurrencies
  • The crypto-currency landscape - The main features of current crypto currencies and the key factors for investigators
  • Bitcoin Lifecycle - Conception, Primary Ownership, Consecutive Ownership, Post Consecutive Ownership, Execution Data and Mining
  • Peer-to-peer vs. server-based networks - Understanding the de-centralised infrastructure that underpins Bitcoin
  • The Bitcoin Client - Examining full and partial nodes to mine or solve blocks and their relationship with the Bitcoin ‘Ledger’.
  • The Bitcoin Wallet 1 - Considering the use of public and private keys and their nature as addresses. Delegates will have the chance to create Bitcoin wallets and undertake Bitcoin transactions as well as inspect hardware wallets and create paper wallets.
  • Using open source tools to examine the Blockchain - In this session delegates will use an online tool to examine wallets and individual transactions on the Blockchain.
  • Double-entry bookkeeping - A short introduction to assist in understanding how bitcoin transactions are recorded on the Blockchain.
  • The Bitcoin Wallet 2 - Armed with more knowledge, delegates will spend more time undertaking transactions and getting to know about fees, multi-address wallets and starts to identify some of the vulnerabilities in Bitcoin tracking that can be exploited by investigators.
  • Interpreting Bitcoin transactions on the Blockchain - Tracking real-life bitcoin transactions using open source techniques, identifying payment addresses and understanding the limitations to some of the methods.
  • Using BlockSeer and WalletExplorer to identify individuals, organisations and Bitcoin exchanges
  • Tracing a Bitcoin transaction to a suspect - Delegates will investigate a Bitcoin transaction and follow a series of steps to identify an exchange before considering the tactical and legal position of obtaining information from the exchange either in the UK or overseas. They will also consider issues around collecting and presenting evidence.
  • Final Exam - A 40 question multiple choice examination, covering the key concepts. Delegates will be required to undertake simple online searches to track transactions to answer some of the questions.

Exam results, issue of certificates and login details to

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