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One of the main appeals of cryptocurrency is the perceived anonymity it can provide to users. This has long made it a favored financial asset to those seeking more privacy in their transactions, including criminals. So when the self-proclaimed “Crocodile of Wall Street” and her partner were arrested for conspiring to launder $4.5 billion in stolen cryptocurrency, many eyebrows were raised.
Today, we are joined by Kim Grauer of blockchain research firm Chainalysis to talk about why we are seeing an increase in crypto crimes and how the strengths of the blockchain are ultimately used to catch these thieves.