alt Hacker NewsCrypto is the biggest target for blackhats to utilize AI on. Huge amounts of money, no central authority or country and methods of wiping tracks.
What I never get is how they plan of converting the stolen crypto to cash eventually. No exchanges are gonna take the coins.
Replies
alkhatib • yesterday at 9:56 PM
Could they be making money by manipulating the market? Knowing the price of crypto will fall after it gets publicity?
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internetter • yesterday at 11:41 PM
Forgive me, I don’t know much about crypto, but couldn’t you slowly turn btc to monero or something? Aren’t there p2p ways to facilitate that?
productgrowthai • today at 5:55 AM
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To be fair, USDC & USDT are centralized by Circle and Tether respectively, and they can freeze funds.
Less true for ETH (though in the past it forked after DAO hack to revert the txns), and I think never for BTC / XMR.