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Tracers in the dark : the global hunt for the crime lords of cryptocurrency
2022
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Library Journal Review
Many readers do not understand how cryptocurrency works nor know that federal agents are attempting to take down a criminal empire of digital black markets. Greenberg (Sandworm: A New Era of Cyberwar and the Hunt for the Kremlin's Most Dangerous Hackers) methodically and meticulously explains the way cryptocurrency functions. He documents how Bitcoin has been used to conduct illegal activities and the agencies that follow it. The author debunks the myth that cryptocurrency is untraceable through a discussion of cases that agents have cracked by going after the heads of a dark website, which included the work of dirty agents trying to stay one step ahead of being caught. Since this illegal activity has developed only in the past decade, federal government agencies have a learning curve to fight it. These stories are fascinating and so enthralling, it is hard to distinguish real people from the aliases used to protect identities and privacies. Greenberg shows that tracking cryptocurrency is at once a cat-and-mouse game and a whack-a-mole situation. VERDICT This highly recommended book has been picked up by Jigsaw Productions to develop into a scripted screen adaptation, a documentary, and a podcast. There are few books on the crypto underworld, making this a must for all libraries.--Michael Sawyer
Publishers Weekly Review
In this sobering account, cybersecurity reporter Greenberg (Sandworm) delves into the efforts of law enforcement agencies and cybersleuths to trace criminal activity involving cryptocurrency, starting with the takedown in 2013 of Silk Road, "the sprawling, Bitcoin-based, billion-dollar online black market for dark web narcotics sales, created by a pseudonymous figure known as the Dread Pirate Roberts." It took the FBI, IRS, and DHS two-and-a-half years of dogged research to identify the site's founder as Ross Ulbricht, a 29-year-old Texan with no criminal record, and arrest him in a San Francisco library. Other operations have targeted child pornography websites and ransomware attacks. Greenberg examines in fascinating detail how criminals have employed technology for their nefarious ends, along the way providing a history of Bitcoin and a look at a possible future technology that would make "truly untraceable and anonymous finances possible." He brings to vivid life the assorted players, including the agents who cracked the crimes, those in law enforcement who succumbed to the allure of fast money on the dark web, and the private citizens who ushered in the golden age of cryptocurrency tracing. This is a must-have for the true crime shelf. Agent: Eric Lupfer, Fletcher & Co. (Nov.)
Summary
From the award-winning author of Sandworm comes the propulsive story of a new breed of investigators who have cracked the Bitcoin blockchain, exposing once-anonymous realms of money, drugs, and violence. "I love the book... It reads like a thriller... These stories are amazing." (Michael Lewis)

Over the last decade, a single innovation has massively fueled digital black markets: cryptocurrency. Crime lords inhabiting lawless corners of the internet have operated more freely--whether in drug dealing, money laundering, or human trafficking--than their analog counterparts could have ever dreamed of. By transacting not in dollars or pounds but in currencies with anonymous ledgers, overseen by no government, beholden to no bankers, these black marketeers have sought to rob law enforcement of their chief method of cracking down on illicit finance: following the money.

But what if the centerpiece of this dark economy held a secret, fatal flaw? What if their currency wasn't so cryptic after all? An investigator using the right mixture of technical wizardry, financial forensics, and old-fashioned persistence could uncover an entire world of wrongdoing.

Tracers in the Dark is a story of crime and pursuit unlike any other. With unprecedented access to the major players in federal law enforcement and private industry, veteran cybersecurity reporter Andy Greenberg tells an astonishing saga of criminal empires built and destroyed. He introduces an IRS agent with a defiant streak, a Bitcoin-tracing Danish entrepreneur, and a colorful ensemble of hardboiled agents and prosecutors as they delve deep into the crypto-underworld. The result is a thrilling, globe-spanning story of dirty cops, drug bazaars, trafficking rings, and the biggest takedown of an online narcotics market in the history of the Internet.

Utterly of our time, Tracers in the Dark is a cat-and-mouse story and a tale of a technological one-upmanship. Filled with canny maneuvering and shocking twists, it answers a provocative question: How would some of the world's most brazen criminals behave if they were sure they could never get caught?
Table of Contents
Author's Notep. xiii
Prologue Proof of Conceptp. 3
Part IMen with No Names
Chapter 1Eladio Guzman Fuentesp. 9
Chapter 2Nobp. 16
Chapter 3The Auditorp. 20
Chapter 4Cryptoanarchyp. 26
Chapter 5Silk Roadp. 31
Chapter 6The Dread Piratep. 35
Chapter 7The Puzzlep. 41
Chapter 8Men with No Namesp. 48
Chapter 9Cyber Narcp. 57
Chapter 10Glen Parkp. 63
Chapter 11The Double Agentp. 66
Chapter 12Receiptsp. 72
Chapter 13FrenchMaid, DeathFromAbovep. 78
Chapter 14The Trialp. 83
Part IITracer for Hire
Chapter 15Collapsep. 91
Chapter 16Dirty Moneyp. 99
Chapter 17Noisep. 103
Chapter 18The Second Agentp. 110
Chapter 19A Hole in the Vaultp. 117
Chapter 20BTC-ep. 122
Chapter 21WMEp. 127
Chapter 22Vinnikp. 131
Chapter 23Consolation Prizesp. 135
Part IIIAlphabay
Chapter 24Alpha02p. 143
Chapter 25The Tipp. 150
Chapter 26Cazesp. 156
Chapter 27Thailandp. 162
Chapter 28Tunafishp. 168
Chapter 29Rawmeop. 176
Chapter 30Hansap. 185
Chapter 31Takeoverp. 193
Chapter 32"Advanced Analysis"p. 199
Chapter 33The Atheneep. 204
Chapter 34Takedownp. 208
Chapter 35Captivityp. 216
Chapter 36Postmortemp. 223
Chapter 37The Trapp. 228
Chapter 38Aftermathp. 233
Chapter 39Suvarnabhumi Airportp. 238
Part IVWelcome to Video
Chapter 40Five Charactersp. 243
Chapter 41"Serach Videos"p. 250
Chapter 42Octopusp. 256
Chapter 43Test Casesp. 262
Chapter 44Seoulp. 269
Chapter 45The Netp. 274
Chapter 46Ripplesp. 279
Part VThe Next Round
Chapter 47Open Seasonp. 287
Chapter 48Limitsp. 295
Chapter 49Gray Zonesp. 304
Chapter 50Rumkerp. 313
Epiloguep. 319
Acknowledgmentsp. 327
Source Notesp. 329
Notesp. 331
Indexp. 351
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