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Criminals Using Crypto Are Easily Tracked, Coinbase Tells House

June 9, 2022, 3:50 PM

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
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