The dark side of the block chain. Everything is public and everything is tractable, but it's also irreversible. Once once i send you money, i cannot get it back unless you send it back to me. And we've seen some interesting cases lately of hackers stealing hundreds of millions of dollars in beat coin. If you're an investor in the space, if you're just a, ou know, a regular user out there who wants to put some money in these companies, do you really want to rely on the generosity of a hacker to get your money back? It'sreally riskyn.
Paris Marx is joined by Lorenzo Franceschi-Bicchierai to discuss the arrest of Ilya Lichtenstein and Heather Morgan for trying to launder the $5 billion in Bitcoin stolen in the 2016 Bitfinex hack, how they were moving the money, how the authorities found them, and what lessons the case might hold.
Lorenzo Franceschi-Bicchierai is senior staff writer at Motherboard. Follow Lorenzo on Twitter at @lorenzofb.
Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.
Find out more about Harbinger Media Network at harbingermedianetwork.com.
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