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Topic
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extortion for 10 million in bitcoin
by
refinement5
on 15/04/2020, 06:00:31 UTC
Hello,

How in the world does one hide 10 mil in BTC?!?!
I am mad and i wish that those guys go to jail!

I see some hackers are extorting big companies for large sums.
This got me thinking - if you have a fair amount of crypto, lets say bitcoins, how can you "cash out", but without relying upon exchanges (As most exchanges require KYC nowadays?)
I am asking because I feel both powerless and angry at the same time some cyber criminals, who seem to be able to operate "under the radar".

When I started to use the Internet in 1999 it was a bit like the "wild west" in terms of online payments
Nowadays a lot of things have changed. We literally have bugs with cameras and microphones (a.k.a. smartphones), NSA is tracking our every move, etc.

So how in the world do the bad guys "cash out" when they do such extortion?

Isn't it easy for the FBI / NSA to track down an address that the funds were siphoned to?
I know it is only quasi anonymous.

I mean even if the criminals use only MONERO or ZCASH or SPECTRECOINS i still feel that there should be an EASY way to catch the criminals.

How do they cach out?
My only though on this is -
-"p2p based exchanged"
-"local exchange"
-"hand over BTC on a flash drive for cash"
-OR BE A STATE SPONSORED ACTOR WITH AN UMBRELLA