Re:Tally of Cyber Extortion Attacks on Tech Companies Grows
by mantraxC on Monday June 23, 2014 @07:54PM
(#7935474)
> "At some point, the 'bad actor' has to access 'legitimate' banking institutions to exchange the Bitcoins to fiat and that is the weakest link."
And on the contrary they can do the exchange in, say, Nigeria. So Bitcoin's weakest link is also the law enforcement weakest link, because no one has authority over the entire world, and there are plenty of spots where you can do the exchange without trace.
And on the contrary they can do the exchange in, say, Nigeria. So Bitcoin's weakest link is also the law enforcement weakest link, because no one has authority over the entire world, and there are plenty of spots where you can do the exchange without trace.