Welcome to PYMNTS’ new series on crypto crime. In it, we’ll be taking a look at the crimes that have not only been committed in the cryptocurrency industry but have defined it — especially Bitcoin — in many people’s minds.
We’ll give you a look at the realities and the myths, the methods and tools and the ways authorities and private securities are starting to break through the mythical anonymity that many criminals — and honest people — believe shields their transactions.
Along the way, we’ll tell you some great stories to illustrate. Some will be funny, some will be whimsical, some will be sad and a few will be horrifying. A whole lot of them will be hard to believe. But they’ll all be true — or at least what Watergate journalist Bob Woodward called “the best obtainable version of the truth.”
See also: PYMNTS Crypto Crime Series: When Privacy Counts, Crypto Users Turn to Mixing Services
PYMNTS Crypto Crime Series: In India Hacking Case, Bitcoin Trail Leads to Hamas
PYMNTS Crypto Crime Series: The $612 Million Heist That Wasn’t
A decentralized finance project called Wonderland saw its token’s price collapse by 40% in a matter of hours yesterday when it was revealed that a key developer — the project’s co-founder, in fact — was connected to the QuadrigaCX exchange.
As tends to happen in crypto, and especially DeFi where due diligence is an often-ignored concept, an interested amateur sleuth digging around on their own discovered that…
