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
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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