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Bitcoins Make Following Money Near Impossible

Gunkerty Jeb (1950964) writes | about a year ago

1

Gunkerty Jeb (1950964) writes "The good news is that cooperation between the various law enforcement agencies in different countries all over the world is at an all time high; the bad news is that cybercriminals have embraced a potent combination of the anonymous online currency Bitcoin and equally anonymous, Web-based currency exchanges located outside U.S. jurisdiction that allow them to turn those Bitcoins into real money, making it more difficult than ever to track the bad actors down.

Such are the realities of the world we live in. The once-tried-and-true law enforcement method of following the money in order to get to the bottom of organized criminal operations is made more difficult by the emergence of digital currency, international wire transfers, and Web-based currency exchange services, shielded from U.S. law by their locations and hidden from sight with layers upon layers of obfuscation, Kaspersky Lab principle security researcher Kurt Baumgartner explained in an interview with Threatpost Wednesday."

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scumbags (0)

Anonymous Coward | about a year ago | (#45037575)

Those scumbags in office should use bitcoins for their campaign contributions.

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