The Wall Street JournalThe Wall Street Journal

The US cracked a $3.4 billion crypto heist—and bitcoin’s anonymity

By Robert McMillan

12 Apr 2023 · 7 min read

The WSJ describes how U.S. authorities are using new software to identify criminals through cryptocurrency deals. That's enabling them to make arrests and recover assets worth billions of dollars.

Curated by informed

James Zhong appeared to have pulled off the perfect crime.

In December 2012, he stumbled upon a software bug while withdrawing money from his account on Silk Road, an online marketplace used to hide criminal dealings behind the seemingly bulletproof anonymity of blockchain transactions and the dark web. Mr. Zhong, a 22-year-old University of Georgia computer-science student at the time, used the site to buy cocaine.

The news, curated.

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