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>and are only possible because of crypto I want to pick on this, because its both true and untrue, depending on how far back you look at this illegitimate busi
by 1970-01-01 3y ago
>and are only possible because of crypto
I want to pick on this, because its both true and untrue, depending on how far back you look at this illegitimate business. Ransoms did not use crypto at first, but they are now the de facto payment. Antiquated ransom payment via gift cards, MoneyPak, Western Union, etc. are all still viable options for gangs.
- flatiron 3y ago"yes MGM please go to your local CVS and pick up a green dot card and fill it with 10 million dollars and give me the code on the back once completed"
- kube-system 3y agoThe daily deposit limit is $1500, so it'll take over 18 years to load it all on there.
- oivey 3y agoYou could never extort MGM with gift cards.
- btilly 3y agoThose are all viable options for gangs that target individuals. But it is a whack-a-mole game that severely limits their potential profits. The current scale and profitability is based on hitting companies for large amounts of money. And that very much depends on crypto.