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This crime would work with cash or wire transfers. Eradicating cryptocurrency would achieve nothing at this point. These same gangs have extensive infrastructu

This crime would work with cash or wire transfers. Eradicating cryptocurrency would achieve nothing at this point. These same gangs have extensive infrastructure for stealing millions from US bank accounts, BEC actors are still making more money than ransomware crowd. If a company really wants to pay, they won’t have a problem bringing suitcases full of cash on a private jet to russia. Especially since most of these payments are not made directly by the victims, but third parties who earn their living by facilitating these payments.

MikeDelta 5y ago
It is possible, but it is much much harder to make 70 mio USD disappear through the regular financial system. It is much easier with BTC. It is hard to get away with suitcases of cash without getting arrested.
- ryanlol 5y ago
  > It is hard to get away with suitcases of cash without getting arrested. It is not. The suitcases just need to be delivered in a friendly country such as Russia. Many of the most prolific ransomware criminals have been identified, but they simply live beyond the reach of Western law enforcement. > It is possible, but it is much much harder to make 70 mio USD disappear through the regular financial system. BEC gangs and even regular craigslist scammers manage to do this every day. There’s absurdly extensive infrastructure in the US and abroad to facilitate this.
ASalazarMX 5y ago
> If a company really wants to pay, they won’t have a problem bringing suitcases full of cash on a private jet to russia Gentlemen, get your ransoms ready! the Russian Ransomware Jet arrives next Sunday! We used to fly a jet per ransom, but it became so unprofitable we pool them now.