Analyzing Wasabi with KYCP.org – Block Digest Mempool


Wasabi produced a coinjoin with only 5 participants . This opens the door for a unique opportunity: it is possible to take a look at KYCP’s analysis on this transaction and compare it with the real mapping of the transaction, which is obvious just by looking at it in any block explorer.
Larger Wasabi transactions are problematic, not only because figuring out what’s going on manually is difficult, but also because analyzing them without sophisticated assumptions and heuristics is impossible, due to the exponentially growing complexity in solving subset sum problems.

At the first glance, KYCP’s analysis is just strange. Let’s uncover the real mapping by looking at the transaction in another block explorer instead:

inputs 0–3 have values of ~0.097 and input 4 has a value of ~0.388.
Regarding the outputs, every participant gets back ~0.0969, and there’s a coordinator fee ~0.001 and a change ~0.291. It cannot be easier to uncover the real mapping of this transaction:

But that’s not what is shown in KYCP. Why is that?

Let’s see what’s the deal with the coordinator address. We know that nobody got back their money to the coordinator address, thus it has no links with any input. KYCP correctly identifies the Wasabi coordinator address being output 0:

But it links inputs to the coordinator address, which is not right. Upon further examination of the links new mysteries emerge.

It identifies 51% linkability from input 1 (~ 0.097) to the coordinator address. Another 51% linkability identified from input 2. And they also identify a 94% linkability from input 3 to the coordinator address.

KYCP identified input 0 and input 3 as an input merge. We know that every input is a unique participant based on the equal number of outputs, so this isn’t the case. There’s a theory though where the analysis went wrong.

input 0 is the smallest input: 0.09691275 BTC, and the mixed outputs have a value of 0.0969102 BTC. The difference is 0.00000255 BTC . Thus input 0 did not pay coordinator fees, but only paid network fee. KYCP may account for coordinator fee all the time, but not everyone pays coordinator fees in Wasabi. As a side note there are cases when the smallest input gets back more money than it puts into the mix, so even if the analyzer lets the coordinator and network fees go, it should also account for some further error.

We also know for a fact that output 6 (0.291) came from input 4 (0.388), as this guy was the only participant with a large amount.

KYCP does a better job analyzing the unmixed change, but surprisingly it still isn’t precise. The linkability is not 94%, it is 100%. And what’s the deal with the remaining 6% anyway?

KYCP linked output 1 and output 6, which is of course wrong. However it is possible to tell where the analysis went wrong this time.

The output linking by KYCP happened because both of those outputs are registered to the same coinjoin. Because of this, we know exactly they are not only aren’t linked, but they cannot be from the same user, as Wasabi wouldn’t register more than one input into a coinjoin when both inputs are larger than the minimum registration amount. So where did KYCP make the mistake?

It naively applied the most well-known Blockchain analysis heuristic: The Common Input Ownership Heuristic:

Every input of a transaction belongs to the same entity.

And what is the most well-known exception to this heuristic? CoinJoin.

KYCP’s analysis on Wasabi coinjoins is unreliable, as it does not even resemble the real mapping of the transaction in the simplest possible case:

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