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Bitcoin isn’t anonymous — investigators can trace every transaction on the blockchain

Ellsworth Toohey
Nov 13, 2025
∙ Paid

Bitcoin Stock Art

In 2011, Wired reporter Andy Greenberg thought Bitcoin could keep users completely anonymous. But at the 2025 Bitwarden Open Source Security Summit, he said, “I slowly realized I was totally wrong about Bitcoin. It was actually the opposite of untraceable.”

The person who changed his mind was Tigran Gambaryan, a criminal investigator wit…

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