Wait, Crypto PREVENTS money laundering?

LegalEagle explains (10 minute to 16 minute mark) how Bitcoin’s block chain technology helped ID the “Bonnie and Clyde of Wall Street”.

The Biggest Heist In History ($4,500,000,000)

There’s also an example of the perils of storing your account information and “keys” (account access ID information) on the Cloud.


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Can’t watch right now, but the thing about crypto is that every transaction is recorded, it cannot be changed or deleted, and anyone can see the full ledger. It is simply not possible to hide a transaction. The difficulty is in knowing who owns a wallet. But if you know who owns a wallet, you know exactly what they have transacted in.



This is the best commentator on cryptos.

Bitcoin works fine for illegal transactions, but only if both parties want to keep it on the down low.

In this case the Bitcoin was stolen, so that makes it tougher to launder. And it didn’t help that the perps were incompetent.