Bitcoin and Crypto Are Becoming Easier to Trac
Categories: Crypto News US
Bitcoin Is Much Easier to Trace Now Says the IRS Many times, Janczewski has served as the lead agent in the many cases that ultimately led to the seizure of the $3.6 million mentioned above. He has also shut down terrorist operations and a North Korean child exploitation ring. After working for many years with the IRS, he now serves with TRM labs and helps trace illicit crypto accounts using the company’s software. While bitcoin has been crashing as of late, the currency has no doubt risen well above what it was trading at just five years ago. The store of value reputation the currency has taken on is what appears to be garnering the attention of so many illicit players. They know customers are hanging onto their assets and refusing to move them. Keeping them in one place makes them vulnerable. Most crimes involve money. They involve some type of effort to scheme or defraud individuals or make a profit on illegal activity. Our job is to follow and trace those financial flows no matter what the underlying crime is and to hold those people accountable.