Following Money Through the Bitcoin Laundry Is Not So Easy

[jamie.redman1]

Just recently there was a small ransomware outburst called “Peyta” that attacked various computers around the world. The creators of Peyta didn’t make as much money as the Wannacry extortionists had made a few weeks earlier, as Petya only raked in around $8,000 worth of BTC. However, the money the hackers accumulated has moved and following those bitcoins has proven to be extremely difficult.

According to the publication Quartz those bitcoins will be extremely hard for law enforcement to locate. The news outlet says they followed the money as far as they could, but the bitcoins were sent through a series of transfers and one of them was a legitimate bitcoin exchange. After the first few hops, the publication details funds were sent to a “high volume address” which they assumed was the trading platform.

Read More Here >>> https://news.bitcoin.com/following-mone ... n-laundry/