see
url:https://cryptoforinnovation.org/resources/Analysis_of_Bitcoin_in_Illicit_Finance.pdf
see url:
https://www.zdnet.com/article/2020s-worst-cryptocurrency-breaches-thefts-and-exit-scams/
see full report...free pdf download...
How I remember all those postings on cryptome freelists, describing what
a wonderful new method of transmitting money was coming in to being and
how it would be secret and impenetrable by the intelligence, security
and law enforcement services of the world, and how Bitcoin was much more
secure than banks...Of course it never really worked out like that, as
many people found out to their cost...and it isn't very stable either, a
gamblers paradise more like, and many folks have got caught out, or lost
their money from a computer crash and losing their wallet and their
passwords...or the cryptocurrency exchanges being broken into and the
coins stolen. It is far better to use the bank and find legitimate ways
of moving and storing your money...less worry and fear of being caught
out by the IRS and other law enforcement agencies in the cyber
world...and at least your funds are protected by bank guarantees.
Quote<<<
Michael Morell, who was previously the CIA’s acting director, said in
‘An Analysis of Bitcoin’s Use in Illicit Finance’ that “blockchain
technology is a powerful but underutilized forensic tool for governments
to identify illicit activity and bring criminals to justice.”
The report, co-authored by Josh Kirshner and Thomas Schoenberger, was
ostensibly written as a defense of Bitcoin—a response to growing
“concerns about the illicit finance implications of the cryptocurrency
ecosystem.”
>>>End of Quote
