this post was submitted on 22 Aug 2024
491 points (97.5% liked)

Technology

59534 readers
3195 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
491
Ex-bank CEO gets 24 years after falling for crypto scam, causing bank collapse (arstechnica.com)
submitted 3 months ago by Xatolos@reddthat.com to c/technology@lemmy.world
77 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[โ€“] orrk@lemmy.world 10 points 3 months ago (1 children)

to be fair, buying drugs or untraceable money transfers are totally a use case of crypto (basically everything that is illegal)

[โ€“] dan@upvote.au 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.