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Darknet Diaries cover image

147: Tornado

Darknet Diaries

NOTE

The Importance of Cryptocurrency Hops in Avoiding Money Tracing

The number of 'hops' a cryptocurrency goes through can impact the liability of an exchange in money tracing. Authorities may consider 4 hops traceable, while 100 or 1,000 hops might be deemed untraceable. By transferring funds through multiple hops or converting to different cryptocurrencies, individuals can potentially avoid detection. This methodical approach to money laundering is highlighted in Jeff's book 'Rinsed', which delves into the intricate ways criminals are navigating the financial landscape.

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