this post was submitted on 22 Aug 2024
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492
Ex-bank CEO gets 24 years after falling for crypto scam, causing bank collapse (arstechnica.com)
submitted 3 months ago by [email protected] to c/[email protected]
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[–] [email protected] 2 points 3 months ago* (last edited 3 months ago)

untraceable money transfers

Crypto is very traceable though - every transaction that has ever happened is in a public ledger!

There's usually a transfer to or from fiat currency at some point, and there's been several cases where Bitcoin transfers have been traced to a real person using that.