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Browse: Home / 2021 / June / 10 / Bitcoin Is Actually Traceable, Pipeline Investigation Shows – The New York Times

Bitcoin Is Actually Traceable, Pipeline Investigation Shows – The New York Times

By Securities Docket on June 10, 2021, 4:37 pm

Criminals, often operating in hidden reaches of the internet, flocked to Bitcoin to do illicit business without revealing their names or locations. The digital currency quickly became as popular with drug dealers and tax evaders as it was with contrarian libertarians.

But this week’s revelation that federal officials had recovered most of the Bitcoin ransom paid in the recent Colonial Pipeline ransomware attack exposed a fundamental misconception about cryptocurrencies: They are not as hard to track as cybercriminals think.

Source: Bitcoin Is Actually Traceable, Pipeline Investigation Shows – The New York Times

Posted in Data Breach, Industry, Top | Tagged Bitcoin, Ransomware

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