Chapter
Crypto Criminals Get Caught Thanks To "Whale Alerts"
51:31 - 56:29 (04:58)
Criminals using cryptocurrency exchanges to buy fake passports and plan their escapes got caught thanks to Twitter alerts about suspicious activity on their accounts. However, the criminals were not very careful in their approach, using their real IDs to register on exchanges and complying with KYC policies.
Clips
The Bitfinex hack caused panic in the market, and for years the stolen money sat in various wallets.
51:31 - 53:18 (01:47)
Summary
The Bitfinex hack caused panic in the market, and for years the stolen money sat in various wallets. In an effort to prevent the hacker from cashing out, the balance of everyone on the exchange was reduced by 33 percent.
ChapterCrypto Criminals Get Caught Thanks To "Whale Alerts"
EpisodeIdeation Bootcamp, Bitcoin Thieves Steal Billions, Stonks.com, and More
PodcastMy First Million
The discovery of fake passport ideas and locations in the computer folders of a cryptocurrency scammer revealed the scheme's operations.
53:19 - 54:46 (01:26)
Summary
The discovery of fake passport ideas and locations in the computer folders of a cryptocurrency scammer revealed the scheme's operations. Whale alert notifications helped in tracking the movement of the coins while a bag of $50,000 was found during the investigation.
ChapterCrypto Criminals Get Caught Thanks To "Whale Alerts"
EpisodeIdeation Bootcamp, Bitcoin Thieves Steal Billions, Stonks.com, and More
PodcastMy First Million
The transcript mentions the difficulties law enforcement has in detecting and stopping money laundering through the anonymity of cryptocurrency exchanges and the blockchain.
54:46 - 56:29 (01:43)
Summary
The transcript mentions the difficulties law enforcement has in detecting and stopping money laundering through the anonymity of cryptocurrency exchanges and the blockchain.