Russia is bad
American prosecutors have unsealed an indictment against two Russians who allegedly had a hand in the ransacking and collapse of Mt Gox a decade ago, an implosion that cost the cryptocurrency exchange's thousands of customers most of their digital coins. In addition, one of the accused, 43-year-old Alexey Bilyuchenko, also was …
I guess there is a difference between fantasy card games and financial services.
Of course this is something most middle-class Americans have yet to realize, though for most of them their fantasy cards are less "tap for extra mana"1 and more "tap for buying shit you don't need".
1Or whatever; I've never played MtG.
BTC-e was "one of the primary ways by which cyber criminals around the world transferred, laundered, and stored the criminal proceedings from their illegal activities."
"For years, Bilyuchenko and his co-conspirators allegedly operated a digital currency exchange that enabled criminals around the world – including computer hackers, ransomware actors, narcotics rings, and corrupt public officials – to launder billions of dollars,"
Without crypto, just how much harder would it be for these criminal to extract payment without getting caught?
I presume all here are aware of it, but for the benefit of anyone else: “Web 3 Is Going Just Great” is to cryptocurrency and NFTs what Groklaw was to the SCO debacle. Always worth reading. Although, be careful to read it in moderation to minimize the risk of a Schadenfreude overdose!