Bitrace Conducts Advanced Cryptocurrency Investigation and Forensics Training for the Independent Commission Against Corruption (ICAC)

Recently, Bitrace collaborated with the Independent Commission Against Corruption (ICAC) to deliver a three-day “Advanced Cryptocurrency Investigation and Forensics Training Program.” The program was led by Bitrace CEO Isabel SHI, who headed a team of Bitrace investigative experts, and was jointly designed and delivered with Professor Jack POON.

The training centered on core topics including blockchain technology fundamentals, emerging trends in cryptocurrency-related crime, on-chain forensic methodologies, and complex transaction analysis. It aimed to systematically enhance law enforcement officers’ investigative capabilities and practical competencies in the field of digital assets.

Professor Jack POON currently serves as an Honorary Professor of Practice at the University of Hong Kong and is a member of the Hong Kong Government’s Web3 Development Task Force. He has long been engaged in research and practice in financial technology, regulatory technology, and digital asset compliance. Professor POON currently holds or has previously held key positions within the Hong Kong Government and various regulatory bodies, including serving as Chairman and Member of the Hong Kong Consumer Council (HKCC), and as Non-Executive Director and Member of the Technical Advisory Committee of the Mandatory Provident Fund Authority (MPFA). He has also contributed to professional advisory work with the Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC). His extensive experience across academia, regulatory authorities, and law enforcement provides valuable international perspective and practical guidance in cryptocurrency compliance and investigation.

As virtual assets continue to develop rapidly worldwide, corruption and related criminal activities have increasingly exhibited digitalized, cross-border, and on-chain characteristics. In response to this trend, the Bitrace team leveraged years of experience in on-chain anti-money laundering (AML) and case collaboration to design a structured, practice-oriented curriculum. The program enabled participants to comprehensively understand blockchain mechanisms and fund flow structures, and to master the complete investigative process—from address identification and transaction tracing to evidence preservation.

On the first day, the training focused on the fundamental principles of blockchain and cryptocurrencies, providing systematic explanations of different public blockchain architectures and transaction models, as well as their implications for law enforcement investigations. Through real case studies and interactive discussions, participants developed a deeper understanding of the linkage between on-chain activities and real-world criminal conduct.

The second day concentrated on investigative methodologies and hands-on tool application. Under the guidance of the expert team, participants conducted practical exercises using professional cryptocurrency analytics tools, acquiring key skills such as address clustering analysis, fund flow reconstruction, and risk labeling identification. The sessions also addressed complex transaction scenarios, including cross-chain transfers, asset swaps, and mixer services, strengthening participants’ ability to identify and dismantle concealed fund flows.

The third day centered on thematic analysis of real-world cryptocurrency investigation cases and the application of transaction data analytics techniques to extract actionable intelligence from large-scale on-chain datasets. The program further covered key considerations in on-site searches and electronic evidence collection, as well as practical issues relating to digital asset evidence in Hong Kong criminal court proceedings, enabling law enforcement officers to establish an integrated capability framework from investigation through prosecution.

The training comprised eight dedicated modules delivered through a combination of theoretical instruction, case analysis, and practical classroom exercises. This multi-dimensional approach enabled participants to systematically acquire the core knowledge and practical skills required to conduct cryptocurrency investigations. Upon completion of the program, Bitrace awarded certificates to all participants in recognition of their successful completion of the specialized training.

Bitrace remains committed to supporting regulatory authorities, law enforcement agencies, and enterprises in strengthening their capabilities in cryptocurrency anti-money laundering and financial crime investigations. Through the continuous provision of professional training, technical support, AML and investigative solutions, as well as regulatory monitoring and investigative systems, Bitrace contributes to enhancing Hong Kong’s overall capacity in on-chain AML and cryptocurrency crime enforcement. Looking ahead, Bitrace will continue to deepen collaboration with Hong Kong’s regulatory and law enforcement authorities, promoting the steady development of the digital asset market on the basis of compliance, transparency, and effective risk control, and contributing professional expertise to Hong Kong’s development as an international digital asset hub.

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