Explosive Snowden Documents Reveal: Nsa Has Been Tracking Bitcoin Users Since 2013

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Explosive Snowden Documents Reveal: Nsa Has Been Tracking Bitcoin Users Since 2013



By Robert Wenzel

Classified documents provided past times whistleblower Edward Snowden exhibit that the National Security Agency indeed worked urgently to target bitcoin users around the basis — together with wielded at to the lowest degree 1 mysterious source of information to “help runway downwards senders together with receivers of Bitcoins,” according to a top-secret passage inwards an internal NSA written report dating to March 2013, reports Intercept.

According to Intercept, the information source appears to accept leveraged the NSA’s mightiness to harvest together with analyze raw, global network traffic spell likewise exploiting an unnamed software plan that purported to offering anonymity to users, according to other documents.

Although the way was interested inwards surveilling some competing cryptocurrencies, “Bitcoin is #1 priority,” a March 15, 2013 internal NSA written report stated.

The documents dot that “tracking down” bitcoin users went good beyond
closely examining bitcoin’s populace transaction ledger, known every bit the blockchain, where users are typically referred to through anonymous identifiers; the tracking may likewise accept involved gathering intimate details of these users’ computers. The NSA collected some bitcoin users’ password information, network activity, together with a type of unique device identification publish known every bit a MAC address, a March 29, 2013 NSA memo suggested. In the same document, analysts likewise discussed tracking network users’ network addresses, network ports, together with timestamps to position “BITCOIN Targets.”

None of this surprises me.

I accept pointed out regularly that the sentiment that bitcoin it some variety of libertarian currency that volition render privacy inwards transactions from the prying eyes of authorities is delusional.

Further, I accept long pointed out that bitcoin users who claimed they could "mix" their bitcoins to brand them untraceable was based on believing that the mixers weren't the authorities or the authorities monitoring the mix.

This type of government monitoring of mixing evidently is going on.

Cryptocurrencies are ideal for tracking past times the authorities together with are hence extremely dangerous to role when you lot accept a sophisticated totalitarian government.


EPJ Daily Alert together with is writer of "Foundations of Private Property Society Theory: Anarchism for the Civilized Person" together with likewise The Fed Flunks: My Speech at the New York Federal Reserve Bank. Follow him on twitter:@wenzeleconomics and on LinkedIn. His youtube serial is here: Robert Wenzel Talks Economics. The Robert Wenzel podcast is on  iphone together with stitcher.





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