Re:Cryptocurrencies add nothing useful to society, says chip...
by tzs on Sunday March 26, 2023 @05:29PM
(#35319834)
So why do so many ransomware gangs want payment in Bitcoin?
Re:Cryptocurrencies add nothing useful to society, says chip...
by rvz on Monday March 27, 2023 @12:19AM
(#35322804)
Perhaps they want to get themselves traced on a public ledger and to join the long list of gangs caught and arrested by the authorities each week?
Once again, Bitcoin is worse for scammers, criminals and ransomware than using Zelle and the banks for fraud.
You should be asking why the banks continue to move trillions of dollars of illicit funds for criminals for years without them doing anything. Same with Zelle.
It is quite a very poor use with such "crime" happening all on a public and transparent blockchain, making it very easy to trace all of that (even if they use a tumbler / mixer) with the funds certainly seized and frozen as soon as it hits the exchange.
In fact criminals and scammers still use banks and Zelle to facilitate their criminal enterprise - [0] [1] in the trillions of dollars.
[0] https://www.buzzfeednews.com/article/jasonleopold/fincen-fil...
[1] https://www.nytimes.com/2022/03/06/business/payments-fraud-z...