Bloomberg Law
June 9, 2022, 3:50 PM

Criminals Using Crypto Are Easily Tracked, Coinbase Tells House

Laura Davison
Laura Davison
Bloomberg News

Governments and crypto exchanges have substantial ability to track illicit crypto transactions through the blockchain, John Kothanek, Coinbase’s vice president for global intelligence, tells a House Homeland Security panel Thursday.

  • “If you are a cyber criminal and you’re using crypto, you’re going to have a bad day,”
    • “We are going to track you down and we’re going to find that finance and we are going to hopefully help the government seize that crypto”
  • The statement comes as the Financial Stability Board has warned about the possibility of increasing use of crypto for illegal activity
  • NOTE: Energy-Rich Russia May Turn to ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.