Jonathan Levin, co-founder and COO of Chainalysis, which makes software helping law enforcement and cryptocurrency firms trace transactions, said its value and volume make it easy to spend and trade, likely contributing to its popularity amongst criminals. Many opioid busts in recent months have come from blockchain analysis, allowing authorities to trace illegal drug purchases made with cryptocurrencies.
Read the full article from Fortune.
Bitcoin the Cryto of Choice for Criminals: Analysis
An “overwhelming majority” of criminals, 95% according to one analysis, prefer Bitcoin over other cryptocurrencies for “illicit activity.” So reports Fortune.