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How cybercriminals launder dirty crypto
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<blockquote data-quote="MuzzMelbourne" data-source="post: 1039790" data-attributes="member: 94561"><p>Yeah, anyone can follow any block's distribution throughout the network, that's one of the beauty's of Blockchain, transparency.</p><p></p><p>Identifying who owns the wallet doing the transactions is the catch, that's one of the other beauty's of Blockchain, anonymity.</p><p></p><p>If a naughty person is smart and organised enough, they can convert a single $1M wallet into 1 million $1 wallets very quickly and then cashout.</p><p></p><p>For the good guy's, its a case of being poorly resourced and diminishing returns for effort, so, for the most part, why bother.</p><p></p><p>Anyway, the political elite are the true organised criminals perpetrating the biggest frauds. Chasing cybercriminals is a smoke screen.</p></blockquote><p></p>
[QUOTE="MuzzMelbourne, post: 1039790, member: 94561"] Yeah, anyone can follow any block's distribution throughout the network, that's one of the beauty's of Blockchain, transparency. Identifying who owns the wallet doing the transactions is the catch, that's one of the other beauty's of Blockchain, anonymity. If a naughty person is smart and organised enough, they can convert a single $1M wallet into 1 million $1 wallets very quickly and then cashout. For the good guy's, its a case of being poorly resourced and diminishing returns for effort, so, for the most part, why bother. Anyway, the political elite are the true organised criminals perpetrating the biggest frauds. Chasing cybercriminals is a smoke screen. [/QUOTE]
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