Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur...
by jimmaswell on Tuesday May 11, 2021 @03:46PM
(#27122619)
People make it out like the fiat conversion step is a big gotcha but criminals make fraudulent bank accounts with stolen/synthetic identities all the time.
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Re:Man used Coinbase to pay hitman in Bitcoin for wife's mur...
by vkou on Tuesday May 11, 2021 @04:05PM
(#27122830)
Then why are ransomware operators getting paid in Bitcoin?
It's not impossible to use the regular banking system for crime. But it's a lot harder, and a lot easier to get caught. A cartel in Mexico with an annual income in billions might be able to bribe or threaten the right people, but some techie running a small call center is going to have a harder time.