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Criminals Embrace Blockchain Transparency as a Feature, Not a Bug
Criminals Embrace Blockchain Transparency as a Feature, Not a Bug
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Ari Redbord, Global Head of Policy at TRM Labs, reveals that crypto criminals are undeterred by blockchain’s transparency. North Korean hackers, for instance, view traceability as a cost of doing business rather than a deterrent. The industry initially believed open transactions would prevent illicit activity, but the opposite has proven true.
Recent cases, including the kidnapping of crypto investor John Woeltz, highlight how blockchain’s transparency can be weaponized. Criminals now treat the technology’s inherent visibility as an operational advantage, adapting their strategies accordingly.
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