Why are cyber-criminals dumping Bitcoin?

Cyber-crime players are mostly not stupid, which is probably why they are dumping Bitcoin and going with the smart(er) money…

Some European businesses started 2017 by buying up Bitcoin to prepare for ransomware demands. Cyber-criminals, meanwhile, finished the year by continuing to focus on stealing Bitcoin as a bubble-worthy valuation boom made cryptocurrency depositories a very tempting target.

What both of these examples illustrate is the fact that for the criminal underground, Bitcoin has long been the currency (let alone cryptocurrency) of choice. Whether it is used to facilitate ransomware proceeds collection, as a money-laundering resource, or simply as something that can be stolen relatively easily and for huge reward the bad guys have been onto Bitcoin likes flies around the rear end of a cow. But is all that set to change in 2018?

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