25 Nov '14, 7pm

Bitcoin Anonymity: There's a Way For Hackers To Find Out Your IP Address - International

Bitcoin Anonymity: There's a Way For Hackers To Find Out Your IP Address - International

University of Luxembourg researchers have discovered how to reveal the identities of bitcoin users from their IP addresses (Reuters) Researchers from the University of Luxembourg have demonstrated that it is possible to figure out the IP address and therefore the identity of individuals who pay for transactions anonymously online using bitcoins. In an open-access paper entitled Deanonymisation of clients in Bitcoin P2P network , the researchers explain bitcoins do not protect the IP addresses of users, and these can be linked to the user's transactions in real time, even if the client uses different pseudonyms for each transaction. Virtual currency has come into vogue this year, particularly as it can be used to anonymously pay for potentially illegal items, and numerous underground markets have sprung up selling drugs and firearms through the Tor Anonymity network (known ...

Full article: http://www.ibtimes.co.uk/bitcoin-anonymity-theres-way-hac...

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