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DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Nearly $13 billion wiped ... » Reply #5

Response to skypilot (Reply #4)

Thu Oct 11, 2018, 12:29 PM

5. Hackers steal traditional money and convert it to crypto to launder it.

Once dollars are converted to Bitcoin and "tumbled" it becomes nearly impossible to trace.

The crypto can then be converted back to dollars at some later point, with no way to know whether it was stolen in the first place.

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Arrow 8 replies Author Time Post
Recursion Oct 11 OP
Historic NY Oct 11 #1
Blue_Tires Oct 15 #8
SWBTATTReg Oct 11 #2
Thekaspervote Oct 11 #3
skypilot Oct 11 #4
LineLineLineNew Reply Hackers steal traditional money and convert it to crypto to launder it.
LAGC Oct 11 #5
skypilot Oct 11 #6
FakeNoose Oct 11 #7
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