Comment by nodesocket
16 hours ago
Crypto is the biggest target for blackhats to utilize AI on. Huge amounts of money, no central authority or country and methods of wiping tracks.
What I never get is how they plan of converting the stolen crypto to cash eventually. No exchanges are gonna take the coins.
To be fair, USDC & USDT are centralized by Circle and Tether respectively, and they can freeze funds.
Less true for ETH (though in the past it forked after DAO hack to revert the txns), and I think never for BTC / XMR.
Could they be making money by manipulating the market? Knowing the price of crypto will fall after it gets publicity?
I suppose they could play the super long game and deposit many many small amounts into "shady" online crypto casinos, play a few hands of blackjack and then withdraw. Clean coins.
They let you play blackjack on online crypto casinos? The one casino game that you can famously beat the house on?
3 replies →
Forgive me, I don’t know much about crypto, but couldn’t you slowly turn btc to monero or something? Aren’t there p2p ways to facilitate that?
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