Against the Rules with Michael Lewis cover image

On Background: Bad Actors on the Blockchain

Against the Rules with Michael Lewis

CHAPTER

Unmasking the FTX Heist

This chapter explores the dramatic circumstances surrounding the withdrawal of half a billion dollars in cryptocurrency following the FTX bankruptcy. It examines the irony of cryptocurrency crime given its traceable nature and the inefficacy of anonymity in Bitcoin transactions. The narrative also highlights early research efforts to track Bitcoin movements and uncover user identities, focusing on the challenges and techniques involved in tracing digital assets.

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