Dr. Friedhelm Victor
Research Scientist at TRM Labs.
Berlin, Germany
I study how much anonymity decentralized financial systems actually provide to their users, what undermines it, and how analysis methods in this space can be put on a rigorous scientific footing.
My work combines empirical measurement, graph analytics and security research, including:
- Evaluating the anonymity of blockchain users, e.g., privacy risks from off-chain cues (PETS ‘26) and in the Lightning Network (FC ‘21)
- Measurement of peer-to-peer networks, e.g., anomalous peers that threaten user privacy in Monero’s P2P network (AFT ‘26)
- Privacy properties of cryptocurrencies, from address clustering in Ethereum (FC ‘20) to privacy-focused systems such as Monero, e.g., wallet implementations (ICBC ‘24) and decentralized P2P exchanges (FC Workshops ‘25)
- Financial crime detection, e.g., wash trading (WWW ‘21) and pump-and-dump schemes (ICDMW ‘19)
- Graph analytics for complex financial networks (KDD ‘21, NeurIPS ‘22 Datasets & Benchmarks)
I enjoy supervising students: several master’s theses I supervised have turned into publications, most recently at PETS and AFT. Students interested in a thesis on these topics are welcome to reach out about external co-supervision together with an advisor at their institution. I have co-organized the Cryptoasset Analytics Workshop (CAAW) every year since its first edition in 2022.
I received my doctoral degree (summa cum laude) from TU Berlin in 2022. Before that, I completed a dual master’s degree in Computer Science at TU Berlin and KAIST, and a bachelor’s degree in Software Engineering at the Hasso Plattner Institute.
news
| Oct 15, 2026 | I’m co-organizing the 6th Cryptoasset Analytics Workshop (CAAW 2027), co-located with Financial Cryptography 2027 in Barbados. |
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| Sep 09, 2026 | Two new papers this year with students I supervised: Pseudonymity at Risk: Linkage Attacks on Blockchain Users with Off-Chain Cues at PETS 2026, and Friend or Foe? Anomalous Peers in Monero’s P2P Network at AFT 2026 (see also the TRM Labs blog post on this research). |
| Oct 03, 2025 | I gave a talk on anomalous peers in Monero’s P2P network at the Yale Applied Cryptography Laboratory seminar. |