topic Money Laundering Cryptomoney is harder than you think in Industry News

Money Laundering Cryptomoney is harder than you think

Caute_cautim — Mon, 09 Oct 2023 10:06:32 GMT

HI All

An interesting piece, well worth reading about money laundering and bitcoins or cryptomoney.

https://arstechnica.com/information-technology/2022/02/3-6-billion-bitcoin-seizure-shows-how-hard-it-is-to-launder-cryptocurrency/

Regards

Caute_Cautim

Re: Money Laundering Cryptomoney is harder than you think

CJM — Mon, 14 Feb 2022 09:24:33 GMT

Very interesting piece.

I do wonder if the funds had been handled/laundered using centralised currency markets whether the fraud would have ever been discovered?

In spite of their best efforts it appears they were thwarted because of the power of the block chain, or rather the power to unpick the block chain at all levels.