DarkWallet

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  • Hackers set to release Bitcoin-laundering app 'Dark Wallet'

    by 
    Steve Dent
    Steve Dent
    04.30.2014

    Ever since sites like Silk Road showed the dark side of anonymous Bitcoin transactions, governments have been trying to regulate the crypto-currency. But a group of coders -- headed by 3D-printed gun creator Cody Wilson and Amir Taaki (above) -- want to keep that genie out of the bottle with a new app called Dark Wallet. It was first launched on Indiegogo, where it met its $50,000 funding goal, thanks in part to Bitcoin donations. The software could make it nearly impossible to trace the currency's flow, thanks to a one-two punch of encryption and "CoinJoin" technology. In brief, the latter code registers multiple transactions as a single movement of funds, masking transfers.