General

In the ever-evolving landscape of digital transactions and data sharing, blockchain technology has emerged as a game-changer. Its decentralized and transparent nature has revolutionized various industries, offering a secure platform for recording financial transactions, digital assets, and other valuable data. However, as with any technological advancement, blockchain brings its own set of challenges, particularly in the realm of forensic investigations.

Introduction

With the crypto ecosystem suffering from a loss of $3.9 billion in 2022 due to smart contract vulnerabilities, ransomware, price oracle manipulation, and many more criminal activities, and the figures of 2023 surpassing $656 million in the first half of the year itself, serious efforts are being made to ensure the yearly figures don’t exceed the previous one. Though it still remains too early to make a comment on what’s about to happen in the world of digital assets, law enforcement agencies remain focused on implementing methodologies to prevent crypto hacks.