What’s the connection between cybercrime and cryptocurrencies? Perhaps it would suffice to say that the reasons for criminals adopting the cryptocoin are quite obvious. But when did this all start, and what fuels it and gets fueled in return? This blog will go over some of the historical reasons that connect cybercrime and cryptocurrency as well as examine the possible consequences of that connection.
Cybercrime’s Favorites Before Crypto
Cybercriminals and anonymized payment methods always kept a close relationship for obvious reasons. One of the most lucrative aspects of online crime is the ability to conceal one’s identity, and using cryptographic currencies is part of that overall scheme.