$800 Bitcoin Buys $10,000 Cash on Dark Web, Turn-Key Money Laundering

Cointelegraph | Sep 13, 2019 at 9:49 AM
  • Security researchers have identified a new trend of lucrative and illicit Bitcoin (BTC) to cash conversions in their analysis of dozens of dark web marketplaces and forums.
  • Financial scammers are selling cold, hard cash for only 10 to 12 cents on the dollar to buyers willing to provide a prepaid fee in Bitcoin.
  • As the report outlines, money mules are agents that transfer ill-gotten funds between accounts in exchange for a fee of 10-20% of the value.