Bitcoin Isn’t the Criminal Safe Haven People Think It Is

“You can gather all the bitcoins you want, but good luck trying to actually spend the dirty money. Large-scale exchanges are vulnerable to breaches, and can eventually be traced back to a real-world person. Law enforcement is certainly giving it its best shot to accomplish this. Motherboard’s Dan Stuckey recently wrote about a Reddit user whose bitcoin wallet was phished after someone connected his transactions to his real name. As bitcoin developer Jeff Garzik put it, ‘Attempting major illicit transactions with bitcoin, given existing statistical analysis techniques deployed in the field by law enforcement, is pretty damned dumb.'”

http://motherboard.vice.com/blog/bitcoin-isnt-the-criminal-safe-haven-people-think-it-is

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