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In Ransomware Battle, Bitcoin May Actually Be an Ally

June 17, 2021 by Bobby Chaim ( Bitcoin)

Some have labelled bitcoin as a prominent foe and, as in this Wall Street Journal opinion piece, called to ban it. Disrupting the flow of money to criminal enterprises is a traditional law enforcement technique. Law enforcement are making small but notable gains, including the FBI’s Colonial Pipeline action and the NetWalker takedown in January, […]

How Did FBI Recover Colonial Pipeline’s DarkSide Bitcoins?

June 12, 2021 by Bobby Chaim ( Uncategorized)

Thanks to the blockchain, transactions can be traced, and especially when users convert cryptocurrency to cash, law enforcement and intelligence agencies have extra opportunities to tie the transaction to an individual’s identity. As with all things involving encryption, furthermore, sometimes law enforcement officials don’t need to crack the crypto, or unmask bitcoin users, to find […]