How North Korea Launders Billions in Stolen Crypto (www.coindesk.com)

submitted 2 months ago by Sibshops@lemm.ee to c/buttcoin@awful.systems

9 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] bitofhope@awful.systems 3 points 2 months ago

Yep, agencies do track blood money on the chains and place sanctions accordingly. It's just a little more complicated than checking "was this specific coin used in one of these crimes" and laundering is still possible through a rogue exchange or P2P/sneakernet transactions to parties that don't care about the sanctions.

this post was submitted on 18 Mar 2025

17 points (100.0% liked)

Buttcoin

718 readers

2 users here now

Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

founded 1 year ago

MODERATORS

dgerard@awful.systems