There is a lot of discussion on going right now in the united states and around the world about regulations of crypto currencies. I could easily see pritocurency exchanges, or web three companies, if you want to use this basy word hati barely understand, but i think it's fair to say that they're catching up. This is just like a separate financial system whose advantage right now, is just that it's a little bit less regulated, that it's harder to understand too. To be honest, i think that for a long time, regulators and law enforcements struggle with it because they just didn't really understand how it works.
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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