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Eastern-European Journal of Enterprise Technologies
Article . 2025 . Peer-reviewed
License: CC BY
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Enhanced identification of illicit bitcoin transactions through genetic algorithm-based feature selection

Authors: Medet Shaizat; Shynar Mussiraliyeva;

Enhanced identification of illicit bitcoin transactions through genetic algorithm-based feature selection

Abstract

The object of this study is the process of classifying illicit Bitcoin transactions in blockchain datasets. The problem addressed in this work is the difficulty of detecting suspicious activity in cryptocurrency networks due to the high dimensionality of transaction data and the lack of semantic labels, which limits the effectiveness of conventional manual feature engineering. The proposed method combines domain-specific indicators of illicit behavior with a Genetic Algorithm-driven selection mechanism that dynamically evolves informative feature subsets. The developed framework was implemented and evaluated on the Elliptic and Elliptic++ datasets using random forest. The results obtained demonstrate that the GA-based method significantly increases model performance: the best-performing configuration achieved an F1-score of 84.3%, a precision of 99.4%, and a recall of 73.1%. Compared to baseline approaches on the same dataset, this method provides relative improvements of 0.9% in F1-score, 0.3% in precision, and 1.2% in recall. The effectiveness of the proposed solution is explained by its ability to detect hidden patterns in transactional data with many potential attributes without resorting to manual heuristics, as well as an optimized setting of Genetic Algorithm parameters. A distinctive feature of this method is the combination of heuristic search with domain-informed feature categories, which improves classification accuracy and reduces model complexity. The obtained results can be applied in practical scenarios such forensic analysis of cryptocurrency transactions. However, successful implementation requires access to historical transaction records and sufficient computing resources to process large, feature-rich datasets

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Keywords

криптовалютна форензіка, cryptocurrency forensics, machine learning, illicit transactions, bitcoin, генетичні алгоритми, машинне навчання, нелегальні транзакції, genetic algorithms

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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