“Cryptocurrency is invading all forms of criminal activities, and criminals follow the money,” said Gurvais Grigg, a former assistant director of the FBI and now global public sector chief technology officer of blockchain analysis firm Chainalysis.
The transactions are also irreversible, said Rich Sanders, co-founder and lead investigator at CipherBlade, which analyzes the blockchain. “You can’t go to complain to bitcoin and ask for a charge back.”
Some of the JBS funds were sent through digital “mixers,” which operate as a digital form of money laundering. Mixers use software to commingle and swap one bitcoin for another, all with the purpose of breaking the chain so the history of a single coin is more difficult to trace.
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