There are a lot of stories of stolen bitcoins from hacked websites or fooled people.
I was wondering, since all transactions are in blockchain, is it technically possible to make blacklist of wallets where stolen funds where transferred (by claims of victims) to track transfers of those funds and report when the owner can be identified (for example when some goods where bought and delivery address is known)?
Or perhaps just block those blacklisted wallets and don't support them on the network (bitcoin) level?
Untraceable stolen bitcoin is one of biggest treat in blockchain technology, I hope programmers should look into cryptography in blockchain technology and device a formulae to block or blacklist those proven stolen bitcoin transactions because there has been cases of hacked accounts which is a major setback in cryptocurrencies world.