How not to steal 4$ billion bitcoins
I wonder if any of the legitimate users will receive the money they have in the exchange, BTC-e.com
Tim Philips, in an interview, said Bitcoin is great business for money laundering. But this does not appear to be the case for Alexander Vinnik, Russian National, and supposed operator of BTC-e and Mt. Gox rival exchange in Japan who help clean money in the largest known cyber laundering operations to date.
https://www.cnbc.com/2017/08/04/icos-may-be-seen-as-securities-by-u-s-and-singapore-regulators.html
But not so great for Alexander Vinnik who laundered 4$ billion in bitcoins. Read about how he was tracked by WizSec (Bitcoin Security Specialists)
https://www.rbth.com/politics_and_society/society/2017/07/28/how-could-a-russian-launder-4-billion-worth-of-bitcoins_813206
Now the BTC-e website proudly displays all the badges of the US entities investigating the fraud therein.
But, the question remains, if he was just a money launderer, and not dealing in hacking, pornography, cyber theft, terrorism, etc...then how many of those will be tracked down?
I sometimes worry about bitcoin at night. There is some comfort in thinking that every night, we are getting closer to the moon.
Congratulations @jstoddard! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP