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§ 01.3 — Specialization · Mixer Tracing

What's pooled
can be unpooled.

Mixers were never absolute privacy. They are probability machines — and every operational choice an attacker makes bleeds information. Our job is to read it.

Mixers Covered
Tornado · ChipMixer · +
Chains
ETH · BTC · BSC
Typical Reduction
80–95%
Confidence
Quantified
§ A — Techniques

Four signals. One hypothesis.

No single technique cracks a mixer. Stacked, they collapse anonymity sets to single-digit candidates.

Technique 01

Volume Correlation

Mixers preserve statistical fingerprints. Deposit volume and withdrawal volume can be correlated across narrow time windows even when the pool appears opaque.

Technique 02

Timing Analysis

Attackers rarely wait. Cross-referencing deposit timestamps with withdrawal bursts inside an anonymity set materially reduces the candidate space.

Technique 03

Peel-Chain Tracking

Funds exiting a mixer are often peeled incrementally through dozens of intermediary wallets. Each peel preserves a deterministic signature we follow.

Technique 04

Anonymity-Set Collapse

When operational patterns repeat — gas sources, note sizes, withdrawal cadence — the effective anonymity set collapses far below the nominal pool size.

§ B — Workflow

Identify, fingerprint, narrow, trace.

Step 01

Mixer Identification

Confirm the mixer contract(s) and version. Ingest the pool's historical deposit/withdrawal ledger for the relevant window.

Step 02

Fingerprint

Compute statistical fingerprints of the target deposit — note denomination, gas payer, relayer choice, timing cohort.

Step 03

Candidate Set

Narrow the withdrawal candidate set by intersecting the fingerprints with the pool's exits inside the likely window.

Step 04

Post-Mixer Trace

Continue the trace on each high-probability candidate. Peel chains followed through final hop into exchange or off-ramp.

§ C — Deliverables

What the report contains.

Mixer entry/exit correlation evidence
Anonymity-set reduction report
Peel-chain reconstruction down to off-ramp
Statistical confidence intervals per hypothesis
Exchange-ready flagging for identified exits
Court-admissible methodology appendix
§ — Engage

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