Skip to content

Comment on ‘I know about lying, I do it for a living’: Ben McKenzie as crypto criticparent

Comments

Criminals that attempt to launder money on a transparent and traceable blockchain

Remember the NFT craze? Use dirty money to pump the price of some flavor of NFT. Then use clean money to speculate on a sure thing and take out the profit. Money got laundered but nothing shows up on any chain that links the dirty money to the clean speculation profits. You have to be a little clever, but blockchains absolutely don't prevent money laundering.

AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.