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Bitcoin and Alternative Cryptos in the Cybercriminal Underground

ID: bd283d60-c56d-54a6-918c-8b5e4dbfb3b4

STIX ID: report--bd283d60-c56d-54a6-918c-8b5e4dbfb3b4

Feed Name: ReliaQuest Blog

Date Published: 2021-05-11

Date Updated: 2026-04-29

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This article surveys the evolving relationship between cybercrime and cryptocurrencies, explaining Bitcoin's pseudonymity and tracing limitations, common obfuscation techniques (mixers, privacy wallets, coin conversion), and the growing trend of criminals migrating to privacy-focused alternatives (notably Monero) due to improved blockchain analytics and law-enforcement actions; it also outlines other privacy coins and concludes that cryptocurrencies will remain a tool for criminals alongside increasing enforcement and monitoring.

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