Disclaimer: my understanding is very elementary.
If a criminal hypothetically asked for bitcoin as a ransom, and then wanted to convert it to fiat, how would they do it without being tracked? Wouldn't the wallet address be visible and the transactions viewed?
I'm imagining a string of events between different exchanges but like I said, I'm pretty ignorant on the details. Maybe something with shady banks?
Or taking the criminal aspect out of it, how would a known whale sell off any crypto in secret?
All of the garbage with the Canadian government got me thinking about how crypto moves. I know that bitcoin can be used as a currency but the exchange aspect peaked my interest.
Anyway, thanks for the discussion.
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