How crypto tracing works on-chain

What public blockchain data can and cannot establish.

Starting point

Analysis begins with a known transaction or address, network and time of the incident.

Transaction graph

The flow can be mapped across incoming and outgoing transactions, smart contracts, bridges and exchange-related addresses.

Attribution

Some addresses can be linked to known services. Linking an address to a specific person usually requires additional evidence.

Limitations

Mixers, privacy tools, cross-chain swaps and non-custodial services can make tracing more complex. Good reporting should state these limitations clearly.