Crypto is used all the time by criminals. The entire ransomeware industry takes hostage payments in crypto [0]. Just this morning, I read in Number Go Up [1] ab

Crypto is used all the time by criminals. The entire ransomeware industry takes hostage payments in crypto [0]. Just this morning, I read in Number Go Up [1] about Chinese gangs using Tether to steal millions with pig-butchering scams. They don’t care if it’s traceable, they care that it’s irreversible. They can just run the money through a tumbler anyway. “Criminal activity” is one the things crypto is best at, and it is disingenuous to suggest otherwise. [0]: https://www.coindesk.com/policy/2021/06/08/state-of-crypto-ransomware-is-a-crypto-problem/ https://www.coindesk.com/policy/2021/06/08/state-of-crypto-r... [1]: https://www.cnbc.com/2023/05/02/pig-butchering-scammers-make-billions-convincing-victims-of-love.html https://www.cnbc.com/2023/05/02/pig-butchering-scammers-make...