Source link : https://bq3anews.com/nancy-guthrie-kidnapping-can-bitcoin-ransom-call-for-be-used-to-trace-down-the-criminals/
The 84-year-old used to be abducted from her house in Tucson, Arizona, in the midst of the night time. A ransom of US$6 million (£4.4 million) has been demanded through the abductors.
The dimensions of the ransom call for, blended with the usage of cryptocurrency because the cost mechanism, raises a important query: despite the fact that Bitcoin isn’t inherently untraceable, can the perpetrators in the long run benefit with out being recognized?
Bitcoin is a decentralised virtual forex, frequently known as a cryptocurrency, and is steadily believed to be nameless, non-public and untraceable.
This belief has made Bitcoin horny to a few criminals, who view it as a handy mechanism for receiving, moving and storing bills.
In consequence, Bitcoin has change into more and more related to illegal activity, together with extortion, kidnapping, fraud, ransomware or even homicide.
The Guthrie case has as soon as once more drawn consideration to the darker associations surrounding Bitcoin and bolstered public anxiousness about cryptocurrency and its use for nefarious functions.
On the identical time, quite a lot of prime profile kidnappings world wide in 2025, involving folks identified to carry cryptocurrency, has intensified those issues.
A commonplace belief is that, as a result of Bitcoin is virtual, monitoring transactions is tricky. Bitcoin does now not exist in a bodily shape; it’s represented as entries at the Bitcoin blockchain – a decentralised ledger used to…
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Author : bq3anews
Publish date : 2026-02-20 09:34:00
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