On Background: Bad Actors on the Blockchain
Against the Rules with Michael Lewis
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Tracing the Untraceable: Crypto's Evolution
This chapter explores the shift in public perception regarding the traceability of cryptocurrency, emphasizing that blockchain technology allows for the tracking of digital transactions, even post-crime. It discusses the challenges law enforcement faces, particularly regarding the FTX incident, and how agencies like the IRS and FBI utilize digital forensics to combat illicit activities linked to cryptocurrencies. The narrative reflects on the irony of a technology designed for anonymity evolving into a tool for tracing criminal behavior, while also contemplating the future of untraceable currencies.
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