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Why Do Hackers Love Bitcoin

Bitcoin Hackers

Bitcoin has hit the front pages of the news papers on countless times due to hackers use of the digital currency. Her Majesty Revenue and Customs along with the FBI and MI6 met back in November 2009 in a London hotel. It was to discuss organized crime and terrorists using virtual currency in a closed session.

Since Bitcoins inception it has been the favorite choice of currency for ransomware attacks. Using BTC spinners it is possible for hackers to cover their tracks. It is impossible for the authorities to track them.


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It used to be high risk for hackers as the only payment services they could exploit targets were through services such as Western Union. Using these types of money transfer companies offered authorities a chance to track and trace the hackers.

Now with cryptocurrency that is almost impossible if it is implemented correctly.

In November 2009, representatives of crime agencies including MI6 and the FBI, as well as Her Majesty’s Revenue and Customs, gathered for a closed session at a conference in a central-London hotel. The topic: the potential use of virtual currencies by organised criminals and terrorists. “At the time, everyone […]

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Daniel

I am the founder of Bitcoin Casino No Deposit Bonus and have been studying concurrency technology since 2013. I have been traveling South East Asia for the last 6 years and am a huge gaming fans that takes part in eSports competitions. I love relaxing on a evening watching the sun set with a cold beer and great music. I also teach other travelers how to become digital nomads so they can become free of the system.

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